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[Form 4] METHODE ELECTRONICS INC Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Brian J. Cadwallader, a director of Methode Electronics, Inc. (MEI), reported transactions dated 09/16/2025. He was granted 18,543 shares of phantom stock under the 2022 Omnibus Incentive Plan with immediate vesting; each phantom share represents the economic equivalent of one share of the company's common stock and is payable in actual shares upon distribution from the Nonqualified Deferred Compensation Plan. The filing shows a price of $8 associated with the phantom stock and lists 46,071.42 as the amount of securities beneficially owned following the transaction.

The report also discloses a disposition of 6,800 shares of common stock. The director elected to defer the awarded phantom stock under the Company’s Deferred Compensation Plan. The Form 4 was signed on behalf of Mr. Cadwallader by an attorney-in-fact on 09/18/2025.

Positive
  • Immediate vesting of 18,543 phantom shares under the 2022 Omnibus Incentive Plan
  • Election to defer the award into the company’s Nonqualified Deferred Compensation Plan, aligning pay with longer-term outcomes
Negative
  • Disposition of 6,800 common shares by the reporting director, reducing direct ownership
  • No additional context on why the disposition occurred (e.g., sale for diversification or other personal reasons) is provided in the filing

Insights

TL;DR: Routine director compensation and share disposition; limited market impact absent larger context.

The filing documents an equity award of 18,543 phantom shares that vested immediately and was deferred into the company’s Nonqualified Deferred Compensation Plan, indicating compensation delivered as equity-linked deferred pay rather than immediate market sales. The separate reported disposition of 6,800 common shares reduces his direct shareholding. These actions are typical for director compensation and personal liquidity management and are not, by themselves, materially transformative for MEI absent additional company-wide developments or larger insider trading patterns.

TL;DR: Governance practice consistent with director alignment; deferral suggests alignment with shareholders while enabling tax/retirement planning.

The director received immediate vesting of phantom stock under the 2022 Omnibus Incentive Plan and elected to defer payout under the Company’s Deferred Compensation Plan, which is a common governance mechanism to align director incentives with long-term shareholder value. The disclosure of a 6,800-share disposition is a standard reporting event. No unusual accelerations, loans, or related-party transactions are disclosed in this Form 4.

SEC Form 4
FORM 4 UNITED 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).
1. Name and Address of Reporting Person*
Cadwallader Brian J

(Last) (First) (Middle)
8750 WEST BRYN MAWR AVENUE
SUITE 1000

(Street)
CHICAGO IL 60631

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
METHODE ELECTRONICS INC [ MEI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Phantom Stock 09/16/2025 A 18,543(1) A $8 46,071.42 I In Deferred Comp. Plan
Common Stock 6,800 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Stock award granted pursuant to the Methode Electronics, Inc. 2022 Omnibus Incentive Plan with immediate vesting. The director elected to defer the award pursuant to the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan (the "Plan"). Each share of phantom stock represents the economic equivalent of one share of the Company's common stock. The phantom stock is payable in shares of the Company's common stock upon distribution from the Plan.
/s/ Kerry Vyverberg as attorney-in-fact for Brian J. Cadwallader 09/18/2025
** Signature of Reporting Person Date
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.

FAQ

What did MEI director Brian J. Cadwallader report on Form 4?

He reported a grant of 18,543 phantom shares (immediately vested) and a disposition of 6,800 common shares, with transactions dated 09/16/2025.

What is the nature of the 18,543 phantom shares reported for MEI?

Each phantom share represents the economic equivalent of one common share and is payable in shares upon distribution from the company’s Nonqualified Deferred Compensation Plan.

Did the director defer the equity award for MEI?

Yes. The director elected to defer the phantom stock award pursuant to Methode Electronics, Inc.’s Nonqualified Deferred Compensation Plan.

When was the Form 4 for MEI signed and by whom?

The Form 4 was signed by Kerry Vyverberg as attorney-in-fact for Brian J. Cadwallader on 09/18/2025.

What ownership level is reported after the transaction?

The filing lists 46,071.42 as the amount of securities beneficially owned following the reported transaction(s).
Methode Ele

NYSE:MEI

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MEI Stock Data

237.72M
33.91M
3.57%
93.36%
3.96%
Electronic Components
Electronic Connectors
Link
United States
CHICAGO