Methode Electronics (MEI) SVP reports 8,157-share tax withholding disposition
Rhea-AI Filing Summary
METHODE ELECTRONICS INC executive Lars Ullrich, SVP Global Automotive Business, reported a disposition of 8,157 shares of common stock on 2026-08-08 at $16.67 per share. According to the footnote, these shares were withheld to satisfy tax obligations related to vesting of restricted stock units. Following this, he directly holds 83,604 shares, and an additional 15,150 shares are held indirectly through a joint account with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,157 shares
Net Sell
2 txns
Insider
Ullrich Lars
Role
SVP Global Automotive Business
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 8,157 | $16.67 | $136K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 83,604 shares (Direct);
Common Stock — 15,150 shares (Indirect, Joint account with spouse)
Footnotes (1)
- F1. Represents shares withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
Key Figures
Shares disposed to issuer: 8,157 shares
Implied value per share: $16.67 per share
Direct holdings after transaction: 83,604 shares
+1 more
4 metrics
Shares disposed to issuer
8,157 shares
Shares withheld on 2026-08-08 to satisfy tax obligations on RSU vesting
Implied value per share
$16.67 per share
Value applied to 8,157-share disposition to issuer
Direct holdings after transaction
83,604 shares
Common stock directly owned by Lars Ullrich following the disposition
Indirect holdings after transaction
15,150 shares
Common stock held in a joint account with spouse after the transaction
Key Terms
Disposition to issuer, restricted stock units, Joint account with spouse
3 terms
Disposition to issuer financial
"The transaction code description is listed as "Disposition to issuer""
restricted stock units financial
"tax obligations associated with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Joint account with spouse financial
"nature_of_ownership is described as "Joint account with spouse""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MEI executive Lars Ullrich report on this Form 4?
Lars Ullrich reported a disposition of 8,157 shares of Methode Electronics common stock on 2026-08-08, at a value of $16.67 per share, categorized as a Disposition to issuer.
Does the Form 4 for MEI indicate any planned trading under Rule 10b5-1?
The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnote describes the transaction as shares withheld for tax obligations, not as trades executed under a pre-arranged trading plan.