Form 4: Methode Electronics Director Mary A. Lindsey Reports Phantom Stock Acquisition and Common Stock Disposal
SEC Form 4 Filing
Director Mary A. Lindsey reported acquiring phantom stock and disposing of common stock in Methode Electronics, Inc.
Summary
- On November 1, 2024, Mary A. Lindsey, a director of Methode Electronics Inc., reported a transaction involving the company's stock.
- Lindsey acquired 180.1 shares of phantom stock at a price of $9.03 per share through the dividend reinvestment feature of the company's Nonqualified Deferred Compensation Plan.
- Following this transaction, Lindsey indirectly owns 11,796.4 shares of phantom stock through the Deferred Compensation Plan.
- Lindsey also disposed of 25,970 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of individuals with access to non-public information.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the trading activity of a company director.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of phantom stock acquisition and common stock disposal. |
| 11/05/2024 | Date of signature by attorney-in-fact. |
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