Form 4: Methode Electronics Executive Andrea Barry Reports Stock Transaction
SEC Form 4 Filing
Andrea Barry, Chief Administrative Officer of Methode Electronics, reports the withholding of stock units to cover tax obligations.
Summary
- On May 4, 2024, Andrea Barry, Chief Administrative Officer of Methode Electronics Inc. (MEI), reported a transaction involving common stock.
- 4,609 shares were disposed of at a price of $12.34.
- This transaction was due to the withholding of restricted stock units to cover the reporting person's tax withholding obligation.
- Following the transaction, Barry directly owns 109,307 shares of common stock and indirectly owns 4,568 shares held in the Methode 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on stock prices.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of stock transaction (disposal of shares). |
| 05/07/2024 | Date of signature for the report. |
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