Methode officer has 5,667 shares withheld for tax
Methode Electronics’ CPO & EHS Officer had shares withheld to cover taxes on RSU vesting, leaving sizable direct and 401(k) holdings.
Rhea-AI Filing Summary
METHODE ELECTRONICS INC (MEI) reported that officer John Thomas Erwin, CPO & EHS Officer, had 5,667 shares of common stock on September 11, 2026 returned to the issuer as a disposition to the issuer at a reference price of $14.61 per share. A footnote states these shares were withheld to satisfy his tax obligations arising from the vesting of restricted stock units, rather than sold in the open market. After this withholding, he held 48,936 shares directly and 1,518 shares indirectly through the Methode 401(k) Plan, and no transactions were reported under a Rule 10b5‑1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 5,667 | $14.61 | $83K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Represents shares withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
Key Figures
Key Terms
Disposition to issuer financial
withheld to satisfy the reporting person's tax obligations financial
restricted stock units financial
indirect financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MEI report for officer John Thomas Erwin?
What indirect MEI holdings does John Thomas Erwin report?
Was MEI’s reported insider transaction made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.