Methode Electronics (NYSE: MEI) credits director 167.8800 phantom units
Rhea-AI Filing Summary
SCHWABERO MARK D reported acquisition or exercise transactions in this Form 4 filing.
Methode Electronics director Mark D. Schwabero was credited 167.8800 phantom stock units on 2026-07-31 under the company’s Nonqualified Deferred Compensation Plan via its dividend reinvestment feature, at a reference value of $13.9900 per unit. This increased his indirect phantom stock balance to 47142.6300 units, while he also holds 6000 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 167.88 shares
Net Buy
2 txns
Insider
SCHWABERO MARK D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1 | 167.88 | $13.99 | $2K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 47,142.63 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 credited: 167.8800 units
Phantom stock reference value: $13.9900 per unit
Deferred phantom stock balance: 47142.6300 units
+1 more
4 metrics
Phantom stock units credited
167.8800 units
Credited on 2026-07-31 under Nonqualified Deferred Compensation Plan
Phantom stock reference value
$13.9900 per unit
Value used for 2026-07-31 phantom stock credit
Deferred phantom stock balance
47142.6300 units
Total phantom stock following 2026-07-31 credit
Direct common stock holdings
6000.0000 shares
Directly held common stock as of 2026-07-31
Key Terms
Phantom Stock, Nonqualified Deferred Compensation Plan, dividend reinvestment feature
3 terms
Phantom Stock financial
"Phantom Stock credited as theoretical common shares under a deferred plan"
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
"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 plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Methode Electronics (MEI) report for Mark D. Schwabero?
Methode Electronics reported that director Mark D. Schwabero was credited 167.8800 phantom stock units on 2026-07-31 under its Nonqualified Deferred Compensation Plan, through the plan’s dividend reinvestment feature, at a reference value of $13.9900 per unit.
How many phantom stock units does Mark D. Schwabero now hold in MEI?
After the latest credit, Mark D. Schwabero’s indirect balance in the plan totals 47142.6300 phantom stock units. These represent theoretical common shares credited under Methode Electronics’ Nonqualified Deferred Compensation Plan through dividend reinvestment.
At what value were the new MEI phantom stock units credited to Mark D. Schwabero?
The 167.8800 phantom stock units credited to Mark D. Schwabero were valued at $13.9900 per unit. This value applies to the dividend reinvestment credit posted on 2026-07-31 within Methode Electronics’ Nonqualified Deferred Compensation Plan.
What is phantom stock in the context of Methode Electronics (MEI)?
For Methode Electronics, the filing describes phantom stock as theoretical common shares credited under the Nonqualified Deferred Compensation Plan. Units are added via a dividend reinvestment feature, giving participants bookkeeping credits linked to company stock performance.