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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.

(Neutral)
(Neutral)
Form Type
4

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

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Negative

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Insider Erwin John Thomas
Role CPO & EHS Officer
Type Security Shares Price Value
Disposition Common Stock F1 5,667 $14.61 $83K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 48,936 shares (Direct); Common Stock — 1,518 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 withheld for taxes 5,667 shares Common stock returned to issuer on September 11, 2026 to satisfy tax obligations on RSU vesting
Reference price per share $14.61 per share Value reported for the 5,667-share disposition to issuer on September 11, 2026
Direct holdings after transaction 48,936 shares Direct MEI common stock held by John Thomas Erwin following the September 11, 2026 tax-withholding event
Indirect 401(k) holdings 1,518 shares MEI common stock held indirectly in the Methode 401(k) Plan after the reported transaction
Disposition to issuer financial
"reported as a disposition to the issuer of common stock"
withheld to satisfy the reporting person's tax obligations financial
"Represents shares withheld to satisfy the reporting person's tax obligations"
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.
indirect financial
"indirect ownership described as Held in Methode 401(k) Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MEI report for officer John Thomas Erwin?

MEI reported that on September 11, 2026, 5,667 shares of common stock attributable to officer John Thomas Erwin were returned to the issuer, with a footnote explaining the shares were withheld to cover tax obligations from vested restricted stock units.

Was the MEI Form 4 transaction an open-market sale of shares?

No. A footnote explains the 5,667 shares were withheld to satisfy tax obligations associated with the vesting of restricted stock units, meaning they were not sold in the open market but instead returned to the issuer for tax withholding.

How many MEI shares does John Thomas Erwin hold directly after this transaction?

After the September 11, 2026 tax-withholding disposition, John Thomas Erwin directly held 48,936 shares of MEI common stock, as reported in the Form 4’s post-transaction ownership column for his direct holdings.

What indirect MEI holdings does John Thomas Erwin report?

The Form 4 lists an indirect holding of 1,518 shares of MEI common stock, described as “Held in Methode 401(k) Plan”, reflecting his beneficial interest through the company’s retirement plan structure.

What price per share is associated with the MEI tax-withholding transaction?

The disposition to the issuer for tax withholding is reported at $14.61 per share for the 5,667 shares withheld on September 11, 2026, giving a reference value for the tax-related share return.

Was MEI’s reported insider transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 11, 2026 tax-withholding disposition was executed under a Rule 10b5-1 trading plan.

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

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Learn about SEC filing dates
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*
Erwin John Thomas

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CPO & EHS Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026
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 Stock09/11/2026D5,667(1)D$14.6148,936D
Common Stock1,518IHeld 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 John Thomas Erwin09/14/2026
** 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)

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