[Form 4] METHODE ELECTRONICS INC Insider Trading Activity
Mark D. Schwabero, a director of Methode Electronics, Inc. (MEI), reported changes to his holdings related to a stock award and a sale. On 09/16/2025 he was granted 18,543 units of phantom stock under the 2022 Omnibus Incentive Plan with immediate vesting and elected to defer the award into the companys Nonqualified Deferred Compensation Plan; each phantom share represents the economic equivalent of one common share and will be paid in common stock upon distribution from the Plan. The filing also reports a disposition of 6,000 common shares. The form was signed by an attorney-in-fact on 09/18/2025.
- 18,543 units of phantom stock were granted with immediate vesting, providing clear alignment between director compensation and company equity
- The director elected to defer the award into the companys Nonqualified Deferred Compensation Plan, which preserves the economic interest until distribution
- Form 4 discloses transaction dates and amounts, meeting Section 16 transparency requirements
- Reported disposition of 6,000 common shares, which reduces the directors direct holding in the company
- The filing contains no context on reasons for the 6,000-share disposition or the timing beyond transaction and filing dates
Insights
TL;DR: Director received a deferred, immediately-vested phantom stock award while selling 6,000 shares; disclosure is routine for insiders.
The grant of 18,543 phantom shares that vest immediately and were deferred into the company's Nonqualified Deferred Compensation Plan aligns director compensation with shareholder value without immediate dilution because the award is payable in shares upon distribution. The simultaneous reported disposition of 6,000 common shares is a material transaction for the reporting person but is disclosed here as required; the filing provides dates, amounts, and the director relationship, enabling transparency. No additional financial metrics or context are provided in this Form 4.
TL;DR: Filing properly discloses an award deferral and a share disposition; it appears compliant and informational.
The Form 4 identifies the reporter as a director, specifies the 09/16/2025 transaction date, and includes the explanatory note that phantom stock equals one common share and is payable in shares on distribution. The filing includes the directors election into the deferred compensation plan and a signed submission date of 09/18/2025. The document contains the key elements required by Section 16 reporting: transaction types, amounts, and ownership form. There is no additional company-level financial data in this filing.