Methode Electronics (MEI) director gains phantom stock via deferred compensation

Rhea-AI Filing Summary

LINDSEY MARY A reported acquisition or exercise transactions in this Form 4 filing.

Methode Electronics director Mary A. Lindsey received an automatic credit of 289.57 phantom stock units on January 31, 2026. The footnote explains these are theoretical common shares credited through the dividend reinvestment feature of the company’s Nonqualified Deferred Compensation Plan, so this is a compensation-related accrual rather than an open-market trade.

After this credit, Lindsey holds 31,389.33 phantom stock units indirectly in the deferred compensation plan and 25,970 shares of common stock directly. The filing reflects routine deferred compensation activity, with no open-market buying or selling.

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

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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^*

LINDSEY MARY A

(Last) (First) (Middle)

25650 W 11 MILE RD

(Street)

SOUTHFIELD MI 48034

(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)
01/31/2026

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	01/31/2026		A		289.57(1)	A	$5.37	31,389.33	I	In Deferred Comp. Plan
Common Stock								25,970	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. The amount shown reflects additional theoretical common shares (i.e., phantom stock) which were credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.

	/s/ Kerry Vyverberg as attorney-in-fact for Mary A. Lindsey	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Methode Electronics (MEI) report for Mary A. Lindsey?

Methode Electronics reported that director Mary A. Lindsey was credited with 289.57 phantom stock units on January 31, 2026. These theoretical common shares were added through the dividend reinvestment feature of the company’s Nonqualified Deferred Compensation Plan, reflecting routine deferred compensation activity.

What is phantom stock in the Methode Electronics (MEI) Form 4 filing?

In this filing, phantom stock represents theoretical common shares credited to Mary A. Lindsey’s deferred compensation account. The 289.57 units were added via a dividend reinvestment feature, tracking the value of Methode Electronics common stock without representing actual shares issued or traded in the market.

How many phantom stock units does Mary A. Lindsey hold after this MEI transaction?

After the January 31, 2026 credit, Mary A. Lindsey holds 31,389.33 phantom stock units indirectly in the Nonqualified Deferred Compensation Plan. This total includes the newly credited 289.57 units from the dividend reinvestment feature and reflects her accumulated deferred compensation balance in phantom stock form.

Does the Methode Electronics (MEI) Form 4 show any open-market stock purchases or sales?

The Form 4 does not show any open-market purchases or sales by Mary A. Lindsey. It reports only a grant-type acquisition of 289.57 phantom stock units through dividend reinvestment in a deferred compensation plan and a holdings line for 25,970 directly owned common shares.

How many Methode Electronics (MEI) common shares does Mary A. Lindsey directly own?

The filing shows that Mary A. Lindsey directly owns 25,970 shares of Methode Electronics common stock as of January 31, 2026. This direct ownership is separate from the 31,389.33 phantom stock units she holds indirectly through the company’s Nonqualified Deferred Compensation Plan.

Is the phantom stock credited to Mary A. Lindsey in MEI’s filing part of a deferred compensation plan?

Yes. The footnote states the 289.57 phantom stock units were credited under the Methode Electronics Nonqualified Deferred Compensation Plan. They arise from the plan’s dividend reinvestment feature, which adds theoretical common shares instead of paying cash dividends directly to the participant.