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Methode Electronics (MEI) director adds phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

METHODE ELECTRONICS INC director Mary A. Lindsey reported routine compensation-related changes in her holdings. She now directly holds 25,970 shares of Common Stock. Separately, she acquired 181.31 additional units of phantom stock at $8.63 per unit through the dividend reinvestment feature of the company’s Nonqualified Deferred Compensation Plan, bringing her indirect phantom stock balance in that plan to 31,475.69 units.

Positive

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Negative

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Insider LINDSEY MARY A
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock 181.31 $8.63 $2K
holding Common Stock -- -- --
Holdings After Transaction: Phantom Stock — 31,475.69 shares (Indirect, In Deferred Comp. Plan); Common Stock — 25,970 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Direct Common Stock holdings 25,970 shares Shares of Common Stock held directly after the reported date
Phantom stock units granted 181.31 units at $8.63 Phantom stock credited via dividend reinvestment on the transaction date
Total phantom stock balance 31,475.69 units Phantom stock units held in the Nonqualified Deferred Compensation Plan after credit
Phantom stock unit price $8.63 per unit Value used for 181.31 phantom stock units credited
Phantom Stock financial
"The amount shown reflects additional theoretical common shares (i.e., phantom stock) which were credited"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Nonqualified Deferred Compensation Plan financial
"pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan"
dividend reinvestment feature financial
"which were credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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 MICHIGAN 48034
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
METHODE ELECTRONICS INC [ MEI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Phantom Stock05/01/2026A181.31(1)A$8.6331,475.69IIn Deferred Comp. Plan
Common Stock25,970D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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. Lindsey05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did MEI director Mary A. Lindsey report in this Form 4?

Mary A. Lindsey reported a routine compensation-related change. She received 181.31 phantom stock units at $8.63 each via dividend reinvestment in a deferred compensation plan, and her direct Common Stock holdings stand at 25,970 shares after the reported date.

How many MEI shares does Mary A. Lindsey hold directly after this filing?

After the reported transactions, Mary A. Lindsey holds 25,970 shares of Methode Electronics Common Stock directly. This figure reflects her position as of the transaction date and is separate from her phantom stock units in the deferred compensation plan.

What phantom stock award did Mary A. Lindsey receive at Methode Electronics (MEI)?

She was credited with 181.31 additional phantom stock units valued at $8.63 per unit. These units represent theoretical common shares in the Nonqualified Deferred Compensation Plan and were added through the plan’s dividend reinvestment feature, not through an open-market purchase.

What is Mary A. Lindsey’s total phantom stock balance at MEI after this grant?

Following the crediting of 181.31 phantom stock units, her balance in the Nonqualified Deferred Compensation Plan is 31,475.69 units. These phantom units mirror the value of Methode Electronics shares but are held within a deferred compensation arrangement.

Does this MEI Form 4 show any open-market buying or selling by Mary A. Lindsey?

The filing does not show open-market buying or selling. It reflects a phantom stock credit of 181.31 units from dividend reinvestment in a deferred compensation plan and a reported direct holding of 25,970 Common Stock shares, indicating routine compensation-related activity.