Methode Electronics (NYSE: MEI) director adds phantom stock via deferred plan
Rhea-AI Filing Summary
Bobek Therese M reported acquisition or exercise transactions in this Form 4 filing.
Methode Electronics Inc. director Therese M. Bobek received an award of 100.31 phantom stock units on July 31, 2026 at $13.99 per unit, credited through the dividend reinvestment feature of the Nonqualified Deferred Compensation Plan. After this, she holds 28,168.49 phantom stock units indirectly and 21,543 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100.31 shares
Net Buy
2 txns
Insider
Bobek Therese M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1 | 100.31 | $13.99 | $1K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 28,168.49 shares (Indirect, In Deferred Comp. Plan);
Common Stock — 21,543 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: 100.3100 units
Phantom stock price: $13.9900 per unit
Total phantom stock after transaction: 28168.4900 units
+1 more
4 metrics
Phantom stock units acquired
100.3100 units
Grant/award acquisition on July 31, 2026 via dividend reinvestment
Phantom stock price
$13.9900 per unit
Reference price used for the phantom stock credit on July 31, 2026
Total phantom stock after transaction
28168.4900 units
Indirect holdings in Deferred Compensation Plan following the award
Direct common stock holdings
21543.0000 shares
Directly held Methode Electronics common stock as of July 31, 2026
Key Terms
Phantom Stock, Nonqualified Deferred Compensation Plan, dividend reinvestment feature, indirect
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
"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. plan"
indirect financial
"total phantom stock units are held as indirect ownership in a Deferred Comp. Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Methode Electronics (MEI) report for Therese M. Bobek?
Methode Electronics reported that director Therese M. Bobek received 100.31 phantom stock units on July 31, 2026 at $13.99 per unit, credited under the company’s Nonqualified Deferred Compensation Plan.
How many phantom stock units does Therese M. Bobek hold after this MEI Form 4?
After the reported transaction, Therese M. Bobek holds 28,168.49 phantom stock units indirectly in a Deferred Compensation Plan, reflecting the new 100.31-unit dividend reinvestment credit on July 31, 2026.
What does the phantom stock transaction on MEI’s Form 4 represent?
The transaction represents additional theoretical common shares (phantom stock) credited as 100.31 units via the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
What direct common stock holdings does Therese M. Bobek report in MEI?
Alongside the phantom stock position, Therese M. Bobek reports 21,543 shares of common stock held directly in Methode Electronics Inc., as shown in the Form 4 holding entry dated July 31, 2026.