[Form 3] METHODE ELECTRONICS INC Initial Statement of Beneficial Ownership
Stacie Schulz, listed at a Chicago address, filed an initial Form 3 reporting beneficial ownership of 11,460 shares of common stock of Methode Electronics Inc (MEI) arising from Restricted Stock Units granted under the company’s 2022 Omnibus Incentive Plan. The RSUs vest in three equal installments, with one-third vesting on each of the first, second and third anniversaries of the award date. The transaction date triggering the filing is 09/11/2025 and the form is signed by an attorney-in-fact on 09/15/2025.
- Equity-based compensation reported via Restricted Stock Units which aligns executive incentives with shareholders
- Clear vesting schedule disclosed: 1/3 vest on each of the first three anniversaries of the award date
- None.
Insights
TL;DR: Executive reported equity compensation via time-vested RSUs; routine disclosure for an officer.
The filing documents an officer-level equity grant settled as Restricted Stock Units that vest over three years. This is a standard structure for aligning management incentives with shareholder interests. The reported amount, 11,460 shares, is a non-derivative holding recorded as direct ownership. There are no derivative instruments, option exercise prices, or unusual vesting provisions disclosed in the form.
TL;DR: Initial beneficial ownership reported; impact on share count and control is immaterial based on disclosed quantity.
The Form 3 confirms an initial ownership statement for a newly reportable person at Methode Electronics Inc. The RSUs vest in three equal installments; no sales, purchases, or derivative positions are shown. The information is factual and routine for Section 16 reporting and does not, by itself, indicate material change to ownership concentration or control.