T. Rowe Price (MEI) reports 2.09M shares, 5.9% ownership disclosed
Rhea-AI Filing Summary
T. Rowe Price Investment Management, Inc. reports beneficial ownership of 2,088,968 shares of Methode Electronics Inc. common stock, representing 5.9% of the class as disclosed on 03/31/2026. The filing includes sole voting and dispositive power over the 2,088,968 shares and contains a statement denying beneficial ownership.
Positive
- None.
Negative
- None.
Insights
Large passive stake disclosed by T. Rowe Price with sole voting and dispositive power.
T. Rowe Price lists $ 2,088,968 shares and 5.9% ownership as of 03/31/2026, showing reportable scale under ownership thresholds. The filing also includes a denial of beneficial ownership, a standard precaution in pooled/manager reports.
Future filings may clarify whether this position is passive or part of discretionary client accounts; voting/dispositive powers are stated in the filing itself.
Schedule 13G filing reflects passive/beneficial-interest reporting obligations.
The form notes sole voting and dispositive power for 2,088,968 shares and gives a 5.9% class figure, triggering disclosure requirements. The accompanying denial of beneficial ownership is an explicit legal statement within the filing.
Regulatory watchers should track subsequent amendments if the position or voting treatment changes.