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  4. [Form 4] METHODE ELECTRONICS INC Insider Trading Activity

Phantom stock credited to Methode Electronics (NYSE: MEI) director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SCHWABERO MARK D reported acquisition or exercise transactions in this Form 4 filing.

Methode Electronics director Mark D. Schwabero reported a compensation-related change in his holdings. He received 270.59 shares of phantom stock at $8.63 per share, credited through the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan. After this award, his deferred compensation account holds 46,974.75 phantom stock units, while he also directly holds 6,000 shares of common stock. Phantom stock represents theoretical common shares used for deferred compensation and does not reflect an open-market trade in Methode stock.

Positive

  • None.

Negative

  • None.
Insider SCHWABERO MARK D
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 — 6,000 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Phantom stock award 270.59 units Phantom stock credited via dividend reinvestment
Award price $8.63 per unit Phantom stock credit price
Phantom stock balance 46,974.75 units Total phantom stock after transaction
Direct common shares 6,000 shares Common stock directly held after transaction
Phantom Stock financial
"The amount shown reflects additional theoretical common shares (i.e., phantom stock) which were credited pursuant to the dividend reinvestment feature"
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 financial
"which were 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SCHWABERO MARK D
(Last)(First)(Middle)
25650 W 11 MILE RD
(Street)
SOUTHFIELD MICHIGAN 48034
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
METHODE ELECTRONICS INC [ MEI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Phantom Stock05/01/2026A270.59(1)A$8.6346,974.75IIn Deferred Comp. Plan
Common Stock6,000D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
/s/ Kerry Vyverberg as attorney-in-fact for Mark Schwabero05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MEI director Mark D. Schwabero report?

Mark D. Schwabero reported a compensation-related acquisition of 270.59 phantom stock units at $8.63 each. These were credited through a dividend reinvestment feature in Methode Electronics’ Nonqualified Deferred Compensation Plan, not through an open-market purchase or sale of common stock.

What is the size of Mark D. Schwabero’s phantom stock position in MEI?

After the latest credit, Mark D. Schwabero’s deferred compensation account holds 46,974.75 phantom stock units. These units track Methode Electronics’ common stock value within a Nonqualified Deferred Compensation Plan rather than representing freely tradable shares on the open market.

Did the MEI Form 4 show any open-market buy or sell by the director?

The Form 4 did not show any open-market buying or selling. It reported a grant of 270.59 phantom stock units via dividend reinvestment under a deferred compensation plan, plus a line reflecting a direct holding of 6,000 Methode Electronics common shares.

How many MEI common shares does Mark D. Schwabero hold directly after this filing?

Following the reported transactions, Mark D. Schwabero holds 6,000 shares of Methode Electronics common stock directly. This direct position is separate from his 46,974.75 phantom stock units held indirectly through the company’s Nonqualified Deferred Compensation Plan.

What does phantom stock mean in the context of MEI’s deferred compensation plan?

Phantom stock in Methode Electronics’ Nonqualified Deferred Compensation Plan represents theoretical common shares used to measure deferred compensation. The value tracks the company’s stock, but these units are held in an account, not traded directly on the market like regular common stock shares.