Methode Electronics director Mary A. Lindsey received a grant of 18,543 units of phantom stock on 09/16/2025 that vested immediately and was deferred into the company's Nonqualified Deferred Compensation Plan. Each phantom share equals the economic value of one share of Methode Electronics common stock and is payable in common shares upon distribution from the Plan. The filing also reports a disposition of 25,970 shares of common stock. Following the phantom-stock award and deferral election, the reporting person is shown as beneficially owning 30,870.41 phantom shares (indirectly) in the deferred compensation plan.
Brian J. Cadwallader, a director of Methode Electronics, Inc. (MEI), reported transactions dated 09/16/2025. He was granted 18,543 shares of phantom stock under the 2022 Omnibus Incentive Plan with immediate vesting; each phantom share represents the economic equivalent of one share of the company's common stock and is payable in actual shares upon distribution from the Nonqualified Deferred Compensation Plan. The filing shows a price of $8 associated with the phantom stock and lists 46,071.42 as the amount of securities beneficially owned following the transaction.
The report also discloses a disposition of 6,800 shares of common stock. The director elected to defer the awarded phantom stock under the Company’s Deferred Compensation Plan. The Form 4 was signed on behalf of Mr. Cadwallader by an attorney-in-fact on 09/18/2025.
Therese M. Bobek, a director of Methode Electronics, Inc. (MEI), reported an equity award on Form 4. On 09/16/2025 she was granted 18,543 shares of Common Stock under the Methode Electronics, Inc. 2022 Omnibus Incentive Plan with immediate vesting, recorded at a price of $8 per share, bringing her direct beneficial ownership to 21,543 shares. The filing also shows 27,528.42 units of Phantom Stock held indirectly in a deferred compensation plan. The Form 4 was signed by an attorney-in-fact on 09/18/2025.
Stacie Schulz, listed at a Chicago address, filed an initial Form 3 reporting beneficial ownership of 11,460 shares of common stock of Methode Electronics Inc (MEI) arising from Restricted Stock Units granted under the company’s 2022 Omnibus Incentive Plan. The RSUs vest in three equal installments, with one-third vesting on each of the first, second and third anniversaries of the award date. The transaction date triggering the filing is 09/11/2025 and the form is signed by an attorney-in-fact on 09/15/2025.
Methode Electronics insider transaction summary John Thomas Erwin, listed as CPO & EHS Officer and director-level reporting person, reported a securities disposition on 09/12/2025. The Form 4 shows 5,667 shares of Methode Electronics common stock were disposed at a price of $8.14 per share. Following the transaction, Mr. Erwin directly beneficially owns 58,813 shares and indirectly holds 1,713 shares through the Methode 401(k) plan. The filing states the sale was a withholding to satisfy tax obligations related to the vesting of restricted stock units. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Erwin on 09/15/2025.
Methode Electronics appointed Stacie Schulz as Chief Accounting Officer, effective September 11, 2025, reporting to Chief Financial Officer Laura Kowalchik. The 8-K highlights her prior senior accounting roles at Superior Industries, Tenneco, Federal-Mogul, and Deloitte, and notes her CPA credentials and accounting degrees from Michigan State University.
Her compensation includes a $350,000 annual base salary, an annual bonus targeted at 50% of base salary, and an annual long-term incentive award of $150,000 split evenly between time-based and performance-based restricted stock units. If terminated without cause, she is eligible for a cash payment equal to half of her annual salary plus target bonus and up to six months of company-paid COBRA coverage, along with participation in standard employee benefit plans.
Methode Electronics reported continued balance-sheet and operational changes during the quarter, with 36,563,766 shares issued and 100,000,000 shares authorized. The company noted a $4.3 million increase in a valuation allowance against deferred tax assets and recognized effects from global minimum tax (Pillar 2) calculations, which increased income tax expense for the period. Interest rates on credit facilities rose, with weighted-average interest of about 8.0% on U.S. dollar borrowings and 5.4% on euro borrowings as of August 2, 2025.
The company amended its credit agreement (Third Amendment), relaxing certain covenant tests for upcoming quarters while imposing tighter limits on restricted payments and other baskets during the amendment period; related amendment fees of $1.6 million were capitalized. The firm disclosed ongoing restructuring estimate uncertainty, foreign currency hedge activity and remaining share buyback authorization through June 17, 2026.
Methode Electronics, Inc. filed a current report to disclose that it has released financial results for its first quarter ended August 2, 2025. On September 9, 2025, the company issued a press release with these results, which is furnished as Exhibit 99.1. The report clarifies that this earnings information is being furnished rather than filed under securities laws, meaning it is not automatically incorporated into other securities offerings unless specifically referenced.
Methode Electronics, Inc. Schedule 13G/A reports that FMR LLC and Abigail P. Johnson beneficially own the same block of common stock totaling 3,046,876.34 shares, representing 8.7% of the outstanding class. FMR LLC reports 3,043,574 shares of sole voting power and 3,046,876.34 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power for the same 3,046,876.34 shares. The filing states these securities are held in the ordinary course of business and not for the purpose of influencing control of the issuer. The statement includes referenced powers of attorney and an exhibit identifying related subsidiary/group arrangements.
Laura Michele Kowalchik, Chief Financial Officer of Methode Electronics (MEI), was granted 78,310 restricted stock units (RSUs) under the company's 2022 Omnibus Incentive Plan on 08/08/2025. The award carries no cash price and will vest in three equal installments, with one-third vesting on each of the first, second and third anniversaries of the award date. After the grant, her reported beneficial ownership of common stock is 174,716 shares, shown as direct ownership. The filing records a routine executive equity grant and shows no derivative transactions.