Form 4: Methode Electronics Inc. Executive Amit N. Patel Reports Stock Transaction
SEC Form 4 Filing
Amit N. Patel, Chief Accounting Officer of Methode Electronics Inc., reports the withholding of stock units to cover tax obligations on April 27, 2024.
Summary
- On April 27, 2024, Amit N. Patel, the Chief Accounting Officer of Methode Electronics Inc. (MEI), had 1,169 shares of common stock withheld to cover tax obligations.
- The price per share for the transaction was $12.22.
- Following the transaction, Patel directly owns 26,709 shares of common stock.
- Patel also indirectly owns 5,062 shares held in the Methode 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of insider transactions, as required by the SEC, and provides transparency regarding the holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 04/27/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 04/30/2024 | Date of signature on the Form 4 filing. |
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