Form 4: Methode Electronics Inc. Executive Reports Stock Transaction

Amit N. Patel, Chief Accounting Officer of Methode Electronics Inc., reports a transaction involving common stock to cover tax obligations.

Summary

• On May 3, 2025, Amit N. Patel, the Chief Accounting Officer of Methode Electronics Inc., reported a transaction.
• 799 shares of common stock were disposed of at a price of $6.68 per share to satisfy tax obligations related to the vesting of restricted stock units.
• Following the transaction, Patel directly owns 25,910 shares of common stock.
• Patel also indirectly owns 6,365 shares held in the Methode 401(k) Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any significant positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored for insights into management's perspective on the company's value and future prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Methode Electronics, MEI, Amit Patel, Chief Accounting Officer