Methode director gets phantom stock credit
SCHWABERO MARK D reported acquisition or exercise transactions in this Form 4 filing.
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 Trade Summary
Grant/Award: 270.59 shares
Grant/Award
2 txns
Insider
SCHWABERO MARK D
Role
Director
| 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)
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 award: 270.59 units
Award price: $8.63 per unit
Phantom stock balance: 46,974.75 units
+1 more
4 metrics
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
Key Terms
Phantom Stock, Nonqualified Deferred Compensation Plan, dividend reinvestment
3 terms
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"
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 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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
