[Form 4] METHODE ELECTRONICS INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bobek Therese M reported acquisition or exercise transactions in this Form 4 filing.
METHODE ELECTRONICS INC director Therese M. Bobek reported routine compensation-related changes in her holdings. On May 1, 2026, she received 161.680 additional units of phantom stock at $8.63 per unit through the dividend reinvestment feature of the company’s Nonqualified Deferred Compensation Plan. After this credit, her deferred compensation account holds 28,068.170 phantom stock units indirectly. Separately, she directly owns 21,543 shares of the company’s common stock following the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bobek Therese M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 161.68 | $8.63 | $1K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 28,068.17 shares (Indirect, In Deferred Comp. Plan);
Common Stock — 21,543 shares (Direct, null)
Footnotes (1)
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Key Figures
Phantom stock units credited: 161.680 units
Phantom unit reference price: $8.63 per unit
Total phantom stock units: 28,068.170 units
+1 more
4 metrics
Phantom stock units credited
161.680 units
Credited on May 1, 2026 via dividend reinvestment
Phantom unit reference price
$8.63 per unit
Price per phantom stock unit for the credited amount
Total phantom stock units
28,068.170 units
Indirect holdings after May 1, 2026 credit
Direct common shares
21,543 shares
Direct MEI common stock holdings after transactions
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
"pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan"
dividend reinvestment feature financial
"credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan"
FAQ
What insider transaction did MEI director Therese Bobek report on this Form 4?
Therese M. Bobek reported receiving 161.680 additional phantom stock units on May 1, 2026. These were credited under Methode Electronics’ Nonqualified Deferred Compensation Plan through a dividend reinvestment feature, rather than through an open-market stock purchase or sale.
How many MEI phantom stock units does Therese Bobek hold after this transaction?
After the May 1, 2026 credit, Therese M. Bobek’s deferred compensation account reflects 28,068.170 phantom stock units. These theoretical common share equivalents are held indirectly in the Methode Electronics Nonqualified Deferred Compensation Plan for long-term compensation purposes.
Was the MEI insider transaction an open-market buy or sell of stock?
No, the reported activity was not an open-market buy or sell. The 161.680 phantom stock units were credited automatically under a dividend reinvestment feature in the Nonqualified Deferred Compensation Plan, reflecting compensation mechanics rather than discretionary trading in MEI shares.
What does phantom stock mean in the context of MEI’s deferred compensation plan?
Phantom stock represents theoretical common shares used for tracking value in a deferred compensation plan. For Methode Electronics, these units mirror the value of common stock and can receive credited amounts via dividend reinvestment, but they are not actual traded shares.