Methode Electronics director granted phantom stock units
METHODE ELECTRONICS INC director Mark D. Schwabero received an automatic credit of 432.1500 phantom stock units on January 31, 2026.
Rhea-AI Filing Summary
METHODE ELECTRONICS INC director Mark D. Schwabero received an automatic credit of 432.1500 phantom stock units on January 31, 2026. The footnote explains these are theoretical common share equivalents credited under the company’s Nonqualified Deferred Compensation Plan through its dividend reinvestment feature, so this is a non-cash, compensation-related acquisition rather than an open-market trade.
After this credit, Schwabero indirectly holds 46,845.8600 phantom stock units in the deferred compensation plan and directly holds 6,000.0000 shares of common stock. The filing does not show any common stock purchases or sales, indicating routine adjustments to his deferred compensation balance rather than a change in his direct equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 432.15 | $5.37 | $2K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Methode Electronics (MEI) director Mark D. Schwabero report in this Form 4?
Is the 432.1500 phantom stock in MEI a stock purchase by the director?
How many phantom stock units does Mark D. Schwabero hold after this MEI transaction?
Does this MEI Form 4 show any insider buying or selling of common stock?
What is the nature of ownership for the MEI phantom stock reported by Mark D. Schwabero?
AI-generated analysis. How Rhea-AI works. Not financial advice.