Form 4: Methode Electronics Director Mary A. Lindsey Reports Phantom Stock Acquisition and Common Stock Disposal
SEC Form 4 Filing
Director Mary A. Lindsey reports acquisition of phantom stock and disposal of common stock in Methode Electronics Inc.
Summary
- On April 26, 2024, Mary A. Lindsey, a director of Methode Electronics Inc., reported a transaction involving the company's securities.
- Lindsey 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.
- Lindsey also disposed of 3,000 shares of common stock.
- Following these transactions, Lindsey directly owns 11,491.3 shares of common stock through a deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of phantom stock acquisition and common stock disposal |
| 04/30/2024 | Date of signature for the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.