Form 4: Methode Electronics Vice President Anil Shetty Reports Stock Transaction
SEC Form 4 Filing
Anil Shetty, a Vice President at Methode Electronics, reported the withholding of restricted stock units to cover tax obligations on May 4, 2024.
Summary
- On May 4, 2024, Anil Shetty, a Vice President at Methode Electronics, reported a transaction involving common stock.
- The transaction involved the withholding of 2,069 shares of common stock at a price of $12.34 to cover tax withholding obligations.
- Following the transaction, Shetty directly owns 86,886 shares of common stock and indirectly owns 17,510 shares in a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, so it has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates a standard tax withholding procedure related to restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of the stock transaction (withholding of shares). |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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.