Form 4: Methode Electronics Director Mark Schwabero Reports Transactions in Company Stock
SEC Form 4 Filing
Director Mark Schwabero reports acquisition of phantom stock and disposal of common stock in Methode Electronics.
Summary
- On April 26, 2024, Mark Schwabero, a director of Methode Electronics Inc., reported transactions involving the company's stock.
- Schwabero acquired 130.16 shares of phantom stock at a price of $12.22 through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
- Schwabero also disposed of 6,000 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of stock transactions (acquisition of phantom stock and disposal of common stock). |
| 04/30/2024 | Date of signature for the report. |
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