Maximus (NYSE: MMS) grants director 3,062 restricted stock units

Rhea-AI Filing Summary

Altman Anne K. reported acquisition or exercise transactions in this Form 4 filing.

MAXIMUS, INC. director Anne K. Altman reported receiving an equity award of 3,062 shares of Common Stock at no cash cost, characterized as a grant or award. This represents restricted stock units that vest one year from the grant date and include 13.83 dividend-equivalent rights tied to earlier RSU awards.

After this grant, Altman directly holds a total of 35,141.897 shares. The transaction is compensation-related rather than an open-market purchase or sale, so it reflects routine director remuneration instead of a change in personal trading stance.

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^*

Altman Anne K.

(Last) (First) (Middle)

C/O MAXIMUS INC.

1600 TYSONS BLVD, STE 1400

(Street)

MCLEAN VA 22102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MAXIMUS, INC. [ MMS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		A		3,062(1)	A	$0	35,141.897(2)	D

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 a grant of restricted stock units ("RSUs") that vest one year from the date of grant.

2. Includes 13.83 dividend equivalent rights accrued on previously-awarded RSUs that vest proportionately with the RSUs to which they relate.

Remarks:

Exhibit List Exhibit 24-Power of Attorney

	/s/ Jason Frank: As Attorney-In-Fact for: Anne K Altman	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Anne K. Altman report for MAXIMUS (MMS)?

Anne K. Altman reported receiving a grant of 3,062 shares of MAXIMUS Common Stock as an equity award. The grant is in the form of restricted stock units that vest after one year, reflecting routine director compensation rather than an open-market stock purchase.

How many MAXIMUS (MMS) shares does Anne K. Altman hold after this Form 4?

Following the reported award, Anne K. Altman directly holds 35,141.897 shares of MAXIMUS Common Stock. This total includes previously held shares and the new restricted stock unit grant reported in the Form 4 insider transaction filing for the director.

What are the terms of the 3,062-share equity grant reported at MAXIMUS (MMS)?

The 3,062-share equity grant is a restricted stock unit award that vests one year from the grant date. It also includes 13.83 dividend-equivalent rights accrued on earlier RSU awards, vesting proportionately with the underlying restricted stock units over the same period.

Was cash paid for the 3,062 MAXIMUS (MMS) shares reported in this Form 4?

No cash was paid for the 3,062 shares reported; the price per share is listed as 0.0000. The transaction is a grant or award of restricted stock units, representing non-cash equity compensation for the director rather than a market purchase of shares.

Does the MAXIMUS (MMS) Form 4 reflect buying or selling by Anne K. Altman?

The Form 4 reflects an acquisition through a grant or award, not a market buy or sale. The transaction code is “A,” indicating a compensation-related award of restricted stock units, so it does not show discretionary open-market trading activity by the director.