Methode CAO disposes 1,649 shares for tax withholding
Rhea-AI Filing Summary
METHODE ELECTRONICS INC (MEI) reports that Chief Accounting Officer Stacie Schulz had 1,649 shares of common stock disposed of to the issuer on September 2, 2026, at $18.10 per share, representing shares withheld to satisfy tax obligations on vested restricted stock units, leaving her with 9,811 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 1,649 shares
Disposition
1 txn
Insider
Schulz Stacie
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 1,649 | $18.10 | $30K |
Holdings After Transaction:
Common Stock — 9,811 shares (Direct)
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: 1,649 shares
Disposition price per share: $18.10 per share
Shares owned after transaction: 9,811 shares
+1 more
4 metrics
Shares disposed
1,649 shares
Shares withheld and disposed to the issuer on September 2, 2026
Disposition price per share
$18.10 per share
Value used for the disposition of 1,649 shares
Shares owned after transaction
9,811 shares
Directly owned by Stacie Schulz following the September 2, 2026 transaction
Transaction date
September 2, 2026
Date of the reported disposition to the issuer
Key Terms
restricted stock units, disposition to issuer
2 terms
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.
disposition to issuer financial
"reported as a disposition to the issuer related to tax withholding"
FAQ
What insider transaction did MEI’s chief accounting officer report?
The chief accounting officer, Stacie Schulz, reported a disposition of 1,649 shares of Methode Electronics common stock on September 2, 2026, to the issuer, in connection with tax withholding on vested restricted stock units.
Was the MEI insider transaction an open-market sale?
No. The filing states the 1,649 shares represent shares withheld to satisfy tax obligations associated with the vesting of restricted stock units, and are reported as a disposition to the issuer, not an open-market sale.
Was this MEI Form 4 transaction made under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox is not affirmed; no Rule 10b5-1 trading plan is reported for this disposition of shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.