MEI CEO has 14,647 shares withheld for taxes
METHODE ELECTRONICS INC CEO and President Jonathan B. DeGaynor reported a tax-related share disposition linked to equity compensation.
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Form Type
4
Rhea-AI Filing Summary
METHODE ELECTRONICS INC CEO and President Jonathan B. DeGaynor reported a tax-related share disposition linked to equity compensation. On April 30, 2026, 14,647 shares of common stock were withheld at $8.02 per share to cover tax obligations from vesting restricted stock units, rather than being sold on the open market.
After this withholding, he held 421,578 shares directly, plus 32,733 shares through a joint account with his spouse and 2,555 shares in the Methode 401(k) Plan. The filing mainly updates his post-vesting ownership position.
Insider Trade Summary
Exercise Price or Tax Liability: 14,647 shares
Exercise Price or Tax Liability
3 txns
Insider
DeGaynor Jonathan B
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 14,647 | $8.02 | $117K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 421,578 shares (Direct);
Common Stock — 2,555 shares (Indirect, Held in Methode 401(k) Plan);
Common Stock — 32,733 shares (Indirect, Joint account with spouse)
Footnotes (1)
- F1. Represents shares withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
Key Figures
Tax withholding shares: 14,647 shares
Tax withholding price: $8.02/share
Direct holdings after transaction: 421,578 shares
+2 more
5 metrics
Tax withholding shares
14,647 shares
Common stock withheld for tax obligations on April 30, 2026
Tax withholding price
$8.02/share
Value applied to withheld shares for RSU-related taxes
Direct holdings after transaction
421,578 shares
Direct common stock owned following tax withholding
Joint account holdings
32,733 shares
Indirect ownership via joint account with spouse
401(k) Plan holdings
2,555 shares
Indirect ownership via Methode 401(k) Plan
Key Terms
restricted stock units, tax-withholding disposition, 401(k) Plan, indirect ownership, +1 more
5 terms
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
401(k) Plan financial
"nature_of_ownership": "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.
indirect ownership financial
""ownership_type": "indirect""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MEI CEO Jonathan DeGaynor report?
Jonathan DeGaynor reported a tax-related share disposition. On April 30, 2026, 14,647 Methode Electronics common shares were withheld at $8.02 each to satisfy tax obligations from vesting restricted stock units, rather than sold in the open market, updating his reported share ownership.
What are Jonathan DeGaynor’s direct MEI holdings after this Form 4?
Following the tax withholding, Jonathan DeGaynor directly holds 421,578 Methode Electronics common shares. This figure reflects his updated direct ownership after 14,647 shares were withheld to satisfy tax obligations associated with restricted stock unit vesting.
What indirect MEI holdings does Jonathan DeGaynor report?
Jonathan DeGaynor reports two indirect positions: 32,733 common shares in a joint account with his spouse and 2,555 common shares held in the Methode 401(k) Plan. These indirect holdings are reported separately from his direct ownership position.
Was the MEI CEO’s Form 4 transaction an open-market sale?
No, the Form 4 describes shares withheld for taxes, not an open-market sale. The 14,647 shares were used to satisfy Jonathan DeGaynor’s tax obligations tied to vesting restricted stock units, as stated in the filing’s explanatory footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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