Methode Electronics awards Ullrich 27,625 stock units
The award vests 33% on September 22, 2027, 33% on September 22, 2028, and 34% on September 22, 2029.
Rhea-AI Filing Summary
Methode Electronics Inc. (MEI) reported that Lars Ullrich, SVP Global Automotive Business, acquired 27,625 restricted stock units on September 22, 2026, under its 2026 Omnibus Incentive Plan. Each unit represents a contingent right to receive one common share upon vesting. Reported positions after the award included 27,625 restricted stock units, 83,604 common shares held directly, and 15,150 common shares held indirectly in a joint account with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 27,625 shares
Grant/Award
3 txns
Insider
Ullrich Lars
Role
SVP Global Automotive Business
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 27,625 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 27,625 contracts (Direct);
Common Stock — 83,604 shares (Direct);
Common Stock — 15,150 shares (Indirect, Joint account with spouse)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Methode common stock upon vesting, granted under the Company's 2026 Omnibus Incentive Plan.
- F2. The Restricted Stock Units will vest 33% on 9/22/27; 33% on 9/22/28; and 34% on 9/22/29.
Key Figures
Restricted stock units acquired: 27,625 restricted stock units
Restricted stock units held after award: 27,625 restricted stock units
Common shares held directly: 83,604 shares
+4 more
7 metrics
Restricted stock units acquired
27,625 restricted stock units
September 22, 2026
Restricted stock units held after award
27,625 restricted stock units
Reported after the September 22, 2026 award
Common shares held directly
83,604 shares
Reported position after the September 22, 2026 award
Common shares held indirectly
15,150 shares
Joint account with spouse; reported after the September 22, 2026 award
First vesting installment
33%
September 22, 2027
Second vesting installment
33%
September 22, 2028
Third vesting installment
34%
September 22, 2029
Key Terms
restricted stock unit, contingent right, 2026 Omnibus Incentive Plan
3 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"represents a contingent right to receive one share"
2026 Omnibus Incentive Plan financial
"granted under the Company's 2026 Omnibus Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many MEI restricted stock units did Lars Ullrich receive?
Lars Ullrich acquired 27,625 restricted stock units on September 22, 2026. The units were granted under Methode Electronics' 2026 Omnibus Incentive Plan, and each represents a contingent right to receive one common share upon vesting.
When do Lars Ullrich's MEI restricted stock units vest?
The 27,625 restricted stock units vest in three installments: 33% on September 22, 2027, 33% on September 22, 2028, and 34% on September 22, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.