Methode Electronics director awarded phantom stock
METHODE ELECTRONICS INC director Mary A. Lindsey reported routine compensation-related changes in her holdings.
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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.
Insider Trade Summary
Grant/Award: 181.31 shares
Grant/Award
2 txns
Insider
LINDSEY MARY A
Role
Director
| 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)
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.
Key Figures
Direct Common Stock holdings: 25,970 shares
Phantom stock units granted: 181.31 units at $8.63
Total phantom stock balance: 31,475.69 units
+1 more
4 metrics
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
Key Terms
Phantom Stock, Nonqualified Deferred Compensation Plan, dividend reinvestment feature
3 terms
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"
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
dividend reinvestment feature financial
"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 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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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