Methode Electronics (MEI) officer has 4,068 shares withheld to cover taxes
Rhea-AI Filing Summary
METHODE ELECTRONICS INC officer Erwin John Thomas reported a disposition of 4,068 shares of common stock on 2026-08-08 at $16.67 per share. According to the footnote, these shares were withheld by the issuer to cover the reporting person's tax withholding obligation on vested restricted stock units. Following this transaction, Thomas directly holds 54,603 common shares and indirectly holds 1,519 shares through the Methode 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,068 shares
Net Sell
2 txns
Insider
Erwin John Thomas
Role
CPO & EHS Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 4,068 | $16.67 | $68K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,603 shares (Direct);
Common Stock — 1,519 shares (Indirect, Held in Methode 401(k) Plan)
Footnotes (1)
- F1. Reflects the withholding of restricted stock units to cover the reporting person's tax withholding obligation.
Key Figures
Shares disposed to issuer: 4,068 shares
Disposition price per share: $16.67 per share
Direct holdings after transaction: 54,603 shares
+1 more
4 metrics
Shares disposed to issuer
4,068 shares
Common stock withheld on 2026-08-08 to cover tax withholding obligation
Disposition price per share
$16.67 per share
Price applied to the 4,068 common shares returned to issuer
Direct holdings after transaction
54,603 shares
Common stock directly owned by Erwin John Thomas following the withholding
Indirect 401(k) holdings
1,519 shares
Common stock held in the Methode 401(k) Plan after the reported date
Key Terms
Disposition to issuer, restricted stock units, tax withholding obligation, 401(k) Plan
4 terms
Disposition to issuer financial
"transaction code description is "Disposition to issuer" for the 4,068 shares"
restricted stock units financial
"Reflects the withholding of restricted stock units to cover the reporting person's tax"
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.
tax withholding obligation financial
"withholding of restricted stock units to cover the reporting person's tax withholding obligation"
401(k) Plan financial
"Indirect holdings nature is stated as Held in Methode 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did MEI officer Erwin John Thomas report in this Form 4?
Erwin John Thomas reported that 4,068 shares of Methode Electronics common stock were disposed of on 2026-08-08 at $16.67 per share, as shares withheld by the issuer to satisfy his tax withholding obligation on vested restricted stock units.
What role does Erwin John Thomas have at Methode Electronics (MEI)?
Erwin John Thomas is identified as an officer of Methode Electronics with the title CPO & EHS Officer. The Form 4 reflects equity-related activity associated with his compensation rather than a discretionary open-market trade.
What transaction code is used in the MEI Form 4 and what does it mean?
The Form 4 uses transaction code D, described as a Disposition to issuer. A footnote clarifies that the 4,068 shares were withheld from restricted stock units to satisfy the reporting person's tax withholding obligation.