Methode Electronics (MEI) General Counsel Loses 12,098 Unvested Shares

Rhea-AI Filing Summary

Kerry A. Vyverberg, General Counsel of Methode Electronics (MEI), reported a cancellation of restricted common stock that did not vest because performance targets were not met. The Form 4 records a disposition on 06/18/2025 of 12,098 shares at a $0 price (cancellation). After the transaction, Mr. Vyverberg beneficially owned 12,437 shares directly and 15,381 indirectly through a 401(k) plan.

The filing notes the Form 4 was submitted late due to an inadvertent administrative oversight and includes an explanatory remark that the restricted stock was cancelled for failure to meet performance objectives.

Positive

• None.

Negative

• Cancellation of 12,098 restricted shares due to performance targets not being achieved
• Late Form 4 filing noted as an inadvertent administrative oversight

Insights

Financial Analyst

TL;DR: Insider cancellation of 12,098 restricted shares for unmet targets; reporting clarifies holdings but is likely immaterial to valuation.

The reported transaction is a cancellation of 12,098 restricted shares on 06/18/2025 at a $0 price because performance targets were not achieved. Post-transaction beneficial ownership is shown as 12,437 shares direct and 15,381 indirect in a 401(k) plan. From a financial-materiality perspective, the disposal appears to be administrative (unvested awards reversed) rather than a market sale and is unlikely, on its own, to move valuations absent other operational changes.

Corporate Governance Expert

TL;DR: Cancellation reflects failed performance conditions; a late Form 4 filing signals a compliance lapse but not necessarily substantive governance failure.

The disclosure states the restricted stock did not vest because performance targets were unmet, which is a contractual compensation outcome rather than executive stock sales. The Form also notes it was filed late due to an inadvertent administrative oversight, which raises a compliance/process point to monitor, though the filing provides the required corrective disclosure and an explanation.

SEC Form 4

FORM 4

UNITED 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

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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^*

Vyverberg Kerry A.

(Last) (First) (Middle)

8750 WEST BRYN MAWR AVENUE

SUITE 1000

(Street)

CHICAGO IL 60631

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
METHODE ELECTRONICS INC [ MEI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/18/2025		D(1)		12,098	D	$0	12,437	D
Common Stock								15,381	I	in 401(k) Plan

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the cancellation of restricted stock that did not vest due to performance targets not being achieved

Remarks:

This Form 4 is being filed late due to an inadvertent administrative oversight.

	/s/ Kerry Vyverberg	08/12/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Kerry Vyverberg report on the MEI Form 4?

The Form 4 reports a cancellation of 12,098 restricted common shares that did not vest because performance targets were not met.

How many shares does Kerry Vyverberg own after the reported transaction (MEI)?

After the reported transaction Mr. Vyverberg beneficially owns 12,437 shares directly and 15,381 shares indirectly through a 401(k) plan.

What was the transaction date and price for the cancelled shares (MEI)?

The transaction date shown is 06/18/2025 and the cancelled restricted shares are reported at a $0 price due to cancellation.

Why were the restricted shares cancelled according to the filing?

The filing explains the cancellation occurred because the restricted stock did not vest as the performance targets were not achieved.

Did the filer note any issues with the Form 4 submission for MEI?

Yes, the filer stated the Form 4 was submitted late due to an inadvertent administrative oversight.