Phantom stock credited to Methode (NYSE: MEI) director’s deferral plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cadwallader Brian J reported acquisition or exercise transactions in this Form 4 filing.
METHODE ELECTRONICS INC director Brian J. Cadwallader reported routine compensation-related activity. On May 1, 2026, he was credited with 270.59 phantom stock units at $8.63 per unit under a nonqualified deferred compensation plan’s dividend reinvestment feature, bringing that plan balance to 46,974.75 units held indirectly. A separate entry shows 6,800 shares of common stock held indirectly in trust, reported as a holding rather than a new trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cadwallader Brian J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 270.59 | $8.63 | $2K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 46,974.75 shares (Indirect, In Deferred Comp. Plan);
Common Stock — 6,800 shares (Indirect, In Trust)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units granted: 270.59 units
Phantom stock unit reference price: $8.63 per unit
Total phantom stock after transaction: 46,974.75 units
+1 more
4 metrics
Phantom stock units granted
270.59 units
Credited via dividend reinvestment on May 1, 2026
Phantom stock unit reference price
$8.63 per unit
Price associated with May 1, 2026 phantom stock credit
Total phantom stock after transaction
46,974.75 units
Indirectly held in Nonqualified Deferred Compensation Plan
Common stock held in trust
6,800 shares
Indirect ownership reported as holding entry
Key Terms
Phantom Stock, Nonqualified Deferred Compensation Plan, dividend reinvestment, In Trust
4 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"
dividend reinvestment financial
"credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
In Trust financial
"total_shares_following_transaction: 6800.0000, nature_of_ownership: In Trust"
FAQ
What insider activity did MEI director Brian Cadwallader report?
Brian Cadwallader reported a credit of 270.59 phantom stock units. These units were added through a dividend reinvestment feature in a nonqualified deferred compensation plan, reflecting routine compensation accrual rather than an open-market stock purchase or sale.
How many phantom stock units does the MEI director hold after this Form 4?
After the reported transaction, the director holds 46,974.75 phantom stock units indirectly. These units track the value of Methode Electronics common stock within a deferred compensation plan and were increased by dividend reinvestment on May 1, 2026.
What does ‘phantom stock’ mean in the MEI deferred compensation plan?
Phantom stock represents theoretical common shares credited in a deferred compensation plan. For MEI, 270.59 phantom shares were credited due to dividend reinvestment, giving the director an account balance that tracks the value of the company’s common stock over time.