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Methode Electronics (MEI) CEO withholds 47,268 shares for RSU tax obligations

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

Rhea-AI Filing Summary

Methode Electronics CEO and President Jonathan B. DeGaynor reported an internal share transaction involving common stock. On 2026-08-08, 47,268 shares were returned to the issuer at $16.67 per share, representing shares withheld to satisfy tax obligations from vesting restricted stock units. After this disposition to the issuer, DeGaynor directly held 366,324 shares and indirectly held 1,987 shares in the Methode 401(k) Plan.

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Insights

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Insider DeGaynor Jonathan B
Role CEO and President
Type Security Shares Price Value
Disposition Common Stock F1 47,268 $16.67 $788K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 366,324 shares (Direct); Common Stock — 1,987 shares (Indirect, Held in Methode 401(k) Plan)
Footnotes (1)
  1. F1. Represents shares withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
Shares disposed to issuer 47,268 shares Common stock returned to issuer on 2026-08-08 to satisfy tax obligations
Disposition price per share $16.67 per share Value applied to 47,268 common shares disposed to the issuer
Direct holdings after transaction 366,324 shares Directly owned Methode Electronics common stock following the 2026-08-08 transaction
Indirect 401(k) holdings 1,987 shares Common stock held indirectly in the Methode 401(k) Plan after the transaction
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
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.
Methode 401(k) Plan financial
"nature_of_ownership: "Held in Methode 401(k) Plan""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did MEI CEO Jonathan B. DeGaynor report?
Jonathan B. DeGaynor reported a disposition of 47,268 common shares to Methode Electronics on 2026-08-08. The shares were withheld to cover tax obligations from vesting restricted stock units, not an open-market sale.

At what price were the MEI shares withheld in DeGaynor’s Form 4 filing?
The withheld Methode Electronics shares were valued at $16.67 per share. This value applies to the 47,268 shares returned to the issuer to satisfy the CEO’s tax obligations associated with restricted stock unit vesting.

How many MEI shares does Jonathan B. DeGaynor hold after this Form 4 transaction?
After the reported transaction, Jonathan B. DeGaynor directly held 366,324 shares of Methode Electronics common stock and indirectly held 1,987 shares through the Methode 401(k) Plan, as disclosed in the Form 4 filing.

Was the MEI Form 4 transaction an open-market sale by the CEO?
No. The Form 4 states that 47,268 shares were withheld to satisfy tax obligations related to vesting restricted stock units. This is characterized as a disposition to the issuer, not a discretionary open-market stock sale.

Does the MEI Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative. The transaction is described as shares withheld to cover tax obligations on restricted stock unit vesting, with no additional trading-plan disclosure provided.
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*
DeGaynor Jonathan B
(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
XOfficer (give title below)Other (specify below)
CEO and President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2026		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
Common Stock08/08/2026D47,268(1)D$16.67366,324D
Common Stock1,987IHeld in Methode 401(k) Plan
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. Represents shares withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
/s/ Kerry Vyverberg as attorney-in-fact for Jonathan B. DeGaynor08/10/2026
** 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