Methode director awarded additional phantom stock
SCHWABERO MARK D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SCHWABERO MARK D reported acquisition or exercise transactions in this Form 4 filing.
METHODE ELECTRONICS INC director Mark D. Schwabero reported a routine compensation-related change in holdings. He received 290.45 additional theoretical common shares as phantom stock at $7.99 per share, credited under the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan. After this credit, his deferred phantom stock balance is 46,704.16 units held indirectly in the plan, and he also reports 6,000 common shares held directly. The filing shows no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 290.45 shares
Grant/Award
2 txns
Insider
SCHWABERO MARK D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 290.45 | $7.99 | $2K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 46,704.16 shares (Indirect, In Deferred Comp. Plan);
Common Stock — 6,000 shares (Direct)
Footnotes (1)
- F1. The amount shown reflects additional theoretical common shares (i.e., phantom stock) which were credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
Key Figures
Phantom stock units acquired: 290.45 units
Phantom stock reference price: $7.99 per unit
Total phantom stock after transaction: 46,704.16 units
+1 more
4 metrics
Phantom stock units acquired
290.45 units
Credited via dividend reinvestment feature
Phantom stock reference price
$7.99 per unit
Price per phantom stock unit for this credit
Total phantom stock after transaction
46,704.16 units
Deferred balance in Nonqualified Deferred Compensation Plan
Direct common stock holdings
6,000 shares
Common Stock held directly after reported holding entry
Key Terms
Phantom Stock, Nonqualified Deferred Compensation Plan, dividend reinvestment feature
3 terms
Phantom Stock financial
"The amount shown reflects additional theoretical common shares (i.e., phantom stock) which were credited"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Nonqualified Deferred Compensation Plan financial
"credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan"
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
dividend reinvestment feature financial
"credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan"
FAQ
What did Methode Electronics (MEI) director Mark D. Schwabero report in this Form 4/A?
He reported an acquisition of 290.45 phantom stock units at $7.99 each, credited through a dividend reinvestment feature in a deferred compensation plan, bringing his phantom stock balance to 46,704.16 units.
Were there any open-market stock purchases or sales by Mark D. Schwabero in MEI?
No open-market purchases or sales were reported. The filing shows a grant of phantom stock units via dividend reinvestment and a separate holding entry of 6,000 common shares, with no buy or sell transactions disclosed.
What is the size of Mark D. Schwabero’s phantom stock position in Methode Electronics (MEI)?
After the reported transaction, his phantom stock balance is 46,704.16 units. These are theoretical common shares credited within the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan, not shares acquired in the open market.
How were the 290.45 phantom stock units for MEI credited to Mark D. Schwabero?
They were credited through the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan, meaning dividends generated additional phantom stock instead of cash, increasing his deferred theoretical share balance.
Does the MEI Form 4/A indicate a change in Mark D. Schwabero’s investment strategy?
The filing reflects a routine phantom stock credit from dividend reinvestment and a reported holding of 6,000 common shares. It does not show discretionary buying or selling activity that would clearly signal a strategic shift.
AI-generated analysis. How Rhea-AI works. Not financial advice.
