Methode Electronics Form 4: Erwin withholds 5,667 shares for taxes at $8.14
Rhea-AI Filing Summary
Methode Electronics insider transaction summary John Thomas Erwin, listed as CPO & EHS Officer and director-level reporting person, reported a securities disposition on 09/12/2025. The Form 4 shows 5,667 shares of Methode Electronics common stock were disposed at a price of $8.14 per share. Following the transaction, Mr. Erwin directly beneficially owns 58,813 shares and indirectly holds 1,713 shares through the Methode 401(k) plan. The filing states the sale was a withholding to satisfy tax obligations related to the vesting of restricted stock units. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Erwin on 09/15/2025.
Positive
- Transparent disclosure of the transaction type and reason (tax withholding for RSU vesting)
- Significant retained ownership: 58,813 shares directly and 1,713 shares in the company 401(k) plan
Negative
- Reduction in direct holdings of 5,667 shares following the withholding transaction
Insights
TL;DR: Insider tax-withholding sale of 5,667 shares at $8.14; ownership remains material.
The reported disposition appears to be a routine tax-withholding event tied to RSU vesting rather than an open-market strategic sale. The director retains a substantial direct stake of 58,813 shares plus 1,713 in the 401(k), which suggests continued alignment with shareholders. The transaction reduced outstanding direct holdings by 5,667 shares and generated proceeds at $8.14 each, but the filing does not indicate open-market timing or additional sales.
TL;DR: Transaction discloses compliant reporting of RSU tax withholding; no governance red flags present.
The Form 4 properly reports the withholding to satisfy tax liabilities from vested restricted stock units and identifies the reporting relationship (CPO & EHS Officer). The filing is signed by an attorney-in-fact, which is acceptable with delegated authority. There is no evidence in this document of undisclosed related-party transactions, option exercises, or planned sales that would raise governance concerns.
FAQ
What did John Thomas Erwin report on the Form 4 for MEI?
Why were the 5,667 shares disposed according to the Form 4?
How many Methode Electronics shares does the reporting person own after the transaction?
What is John Thomas Erwin's role at Methode Electronics as listed on the Form 4?
When was the Form 4 signed and by whom?