Methode Electronics (MEI) GC has 4,327 shares withheld for RSU tax
Rhea-AI Filing Summary
METHODE ELECTRONICS INC General Counsel Kerry A. Vyverberg reported a disposition of 4,327 shares of common stock on 2026-08-08, described as shares withheld to satisfy tax obligations related to vesting of restricted stock units at $16.67 per share. This was a disposition to the issuer, not an open-market sale. After this withholding, Vyverberg directly holds 35,904 shares and indirectly holds 13,783 shares in a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,327 shares
Net Sell
2 txns
Insider
Vyverberg Kerry A.
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 4,327 | $16.67 | $72K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,904 shares (Direct);
Common Stock — 13,783 shares (Indirect, in 401(k) Plan)
Footnotes (1)
- F1. Represents shares withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
Key Figures
Shares disposed to issuer: 4,327 shares
Per-share value: $16.67 per share
Direct holdings after transaction: 35,904 shares
+1 more
4 metrics
Shares disposed to issuer
4,327 shares
Shares withheld on 2026-08-08 to satisfy tax obligations on RSU vesting
Per-share value
$16.67 per share
Value applied to the 4,327 shares disposed to issuer
Direct holdings after transaction
35,904 shares
Direct MEI common stock held by Kerry A. Vyverberg after disposition
Indirect 401(k) holdings
13,783 shares
MEI common stock held indirectly in a 401(k) Plan
Key Terms
restricted stock units, Disposition to issuer, 401(k) Plan
3 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.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
401(k) Plan financial
"nature_of_ownership": "in 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 insider transaction did MEI General Counsel Kerry A. Vyverberg report?
Kerry A. Vyverberg reported a disposition of 4,327 MEI shares on 2026-08-08. The shares were withheld by the issuer to cover tax obligations from vesting restricted stock units, at a value of $16.67 per share.
Was the MEI Form 4 transaction by Kerry A. Vyverberg an open-market sale?
No. The 4,327-share disposition was to the issuer, representing shares withheld for tax obligations tied to restricted stock unit vesting. It was not reported as an open-market sale or purchase of METHODE ELECTRONICS INC common stock.
Was the MEI insider transaction under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked as affirmative. The disposition reflects shares withheld for tax obligations on restricted stock unit vesting, rather than discretionary trading under a pre-arranged plan.