Methode Electronics (MEI) Director Awarded 18,543 Shares with Immediate Vesting
Rhea-AI Filing Summary
Bruce K. Crowther, a director of Methode Electronics, Inc. (MEI), received a non-derivative stock award of 18,543 shares on 09/16/2025 under the companyâs 2022 Omnibus Incentive Plan with immediate vesting. Following the grant, the filing reports Mr. Crowther beneficially owns 50,654 shares indirectly
Positive
- Director received a stock award of 18,543 shares with immediate vesting, increasing his beneficial ownership to 50,654 shares.
- Transaction disclosed on Form 4, providing regulatory transparency about insider compensation and ownership changes.
Negative
- None.
Insights
TL;DR: A director received an immediate vesting stock award of 18,543 shares, increasing indirect holdings to 50,654 shares.
This Form 4 discloses a routine equity grant to a board member under the 2022 Omnibus Incentive Plan. The award vests immediately, which is relevant for governance transparency because it changes the director's beneficial ownership right away. The filing lists the shares as held indirectly in trust and shows a reported price of $8 per share. There is no indication of sales, option exercises, or derivative transactions; the event appears administrative and consistent with compensation practices for directors.
TL;DR: Insider received stock award; transaction is an acquisition, not a disposition, so it does not signal insider selling pressure.
The report documents an acquisition of 18,543 common shares for Bruce K. Crowther, increasing his reported indirect ownership to 50,654 shares. As a Form 4 disclosure, this confirms insider accumulation via company compensation rather than open‑market purchases. The immediate vesting means the director gained full beneficial interest on the transaction date. The item lacks associated cash proceeds or disposals and does not quantify the awardâs value beyond the stated $8 price on the form.