MEI director adds 290 phantom stock units
METHODE ELECTRONICS INC director Brian J. Cadwallader reported routine indirect holdings and a compensation-related credit.
Rhea-AI Filing Summary
METHODE ELECTRONICS INC director Brian J. Cadwallader reported routine indirect holdings and a compensation-related credit. A trust associated with him holds 6,800 shares of common stock. Separately, he indirectly acquired 290.45 units of phantom stock on January 31, 2026 through the company’s Nonqualified Deferred Compensation Plan.
The phantom stock was credited under the plan’s dividend reinvestment feature at a reference price of $7.99 per unit, bringing his deferred compensation plan balance to 46,704.16 phantom stock units. This is a non-market, compensation-plan transaction rather than an open-market purchase or sale.
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Insider Trade Summary
Grant/Award: 290.45 shares
Grant/Award
2 txns
Insider
Cadwallader Brian J
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 — 6,800 shares (Indirect, In Trust)
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
Phantom stock units after transaction: 46,704.16 units
+1 more
4 metrics
Phantom stock units acquired
290.45 units
Credited via dividend reinvestment on January 31, 2026
Phantom stock reference price
$7.99 per unit
Pricing for credited phantom stock units
Phantom stock units after transaction
46,704.16 units
Total deferred compensation plan balance after credit
Common shares held in trust
6,800 shares
Indirect common stock holdings reported as of January 31, 2026
Key Terms
Phantom Stock, Nonqualified Deferred Compensation Plan, dividend reinvestment feature, In Trust, +1 more
5 terms
Phantom Stock financial
"security_title: "Phantom Stock" and described as theoretical common shares in the footnote"
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"
In Trust financial
"nature_of_ownership: "In Trust" for the 6,800 common stock holding entry"
In Deferred Comp. Plan financial
"nature_of_ownership: "In Deferred Comp. Plan" for the phantom stock units"
FAQ
What did MEI director Brian Cadwallader report in this Form 4/A?
He reported indirect holdings in 6,800 common shares held in trust and the acquisition of 290.45 phantom stock units. The phantom stock was credited via a dividend reinvestment feature within Methode Electronics’ Nonqualified Deferred Compensation Plan, not through an open-market trade.
How many phantom stock units did Cadwallader receive in the MEI filing?
He received 290.45 phantom stock units credited to his Nonqualified Deferred Compensation Plan account. These units were added under the plan’s dividend reinvestment feature, reflecting theoretical common shares rather than actual stock, and increased his total phantom stock balance to 46,704.16 units.
What is the price reference for the phantom stock units in MEI’s Form 4/A?
The phantom stock units were credited at a reference price of $7.99 per unit. This price is used to determine the number of theoretical common shares credited under the dividend reinvestment feature of Methode Electronics’ Nonqualified Deferred Compensation Plan.
How many phantom stock units does Cadwallader hold after this MEI transaction?
After the credited award, Cadwallader holds 46,704.16 phantom stock units in the Nonqualified Deferred Compensation Plan. This figure reflects his cumulative deferred compensation balance in theoretical common shares following the 290.45-unit dividend reinvestment credit on January 31, 2026.
Are Cadwallader’s MEI phantom stock units an open-market purchase?
No, the phantom stock units were not bought on the open market. They were credited automatically under the dividend reinvestment feature of Methode Electronics’ Nonqualified Deferred Compensation Plan, making this a compensation-related, non-market acquisition rather than a discretionary share purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
