Form 4: Methode Electronics Inc. Executive Kevin M. Martin Reports Stock Transaction
SEC Filing
Kevin M. Martin, a Vice President at Methode Electronics Inc., reported the withholding of stock units to cover tax obligations on May 4, 2024.
Summary
- On May 4, 2024, Kevin M. Martin, a Vice President at Methode Electronics Inc., reported a transaction involving the withholding of 4,366 shares of common stock to cover tax obligations.
- The shares were withheld at a price of $12.34 per share.
- Following the transaction, Martin directly owns 92,306 shares of Methode Electronics Inc. common stock.
- Martin also indirectly owns 2,926 shares held in the Methode 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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