[Form 4] MAXIMUS, Inc. Insider Trading Activity
John T. Martinez, Chief Legal Officer of MAXIMUS, Inc. (MMS), reported a transaction dated 08/31/2025 on Form 4 showing the acquisition of 144.404 shares of common stock through dividend equivalent rights that accrued on previously awarded restricted stock units (RSUs) and certain performance share units (PSUs). The dividend equivalents vest proportionately with the underlying RSUs/PSUs and each right is economically equivalent to one share. The report lists 33,642.02 shares of common stock beneficially owned following the transaction and indicates the acquisition price as $0, reflecting in-kind dividend equivalence rather than a market purchase.
John T. Martinez, Chief Legal Officer di MAXIMUS, Inc. (MMS), ha dichiarato in un Form 4 una operazione datata 31/08/2025 che segnala l’acquisizione di 144.404 azioni ordinarie tramite diritti equivalenti ai dividendi maturati su restrizioni azionarie precedentemente assegnate (RSU) e su alcune unità azionarie legate alla performance (PSU). Gli equivalenti di dividendo maturano proporzionalmente alle RSU/PSU sottostanti e ogni diritto è economicamente equivalente a una azione. Il report indica la detenzione beneficiaria di 33.642,02 azioni ordinarie dopo l’operazione e riporta un prezzo di acquisizione pari a $0, a indicare che si tratta di un equivalenza in natura dei dividendi e non di un acquisto sul mercato.
John T. Martinez, Chief Legal Officer de MAXIMUS, Inc. (MMS), informó en un Form 4 una transacción con fecha 31/08/2025 que muestra la adquisición de 144.404 acciones ordinarias mediante derechos equivalentes a dividendos acumulados sobre unidades restringidas (RSU) previamente otorgadas y ciertas unidades por desempeño (PSU). Los equivalentes de dividendos se devengan proporcionalmente con las RSU/PSU subyacentes y cada derecho equivale económicamente a una acción. El informe lista 33.642,02 acciones ordinarias en propiedad beneficiaria tras la transacción e indica un precio de adquisición de $0, reflejando la equivalencia en especie de los dividendos y no una compra en el mercado.
John T. Martinez, MAXIMUS, Inc. (MMS)의 Chief Legal Officer는 2025-08-31자 거래를 Form 4에 보고했으며, 이전에 수여된 제한주(RSU)와 일부 성과주(PSU)에 대해 발생한 배당 등가권을 통해 144.404주 보통주를 취득한 것으로 나타났습니다. 배당 등가권은 기초 RSU/PSU에 비례해 권리가 확정되며 각 권리는 경제적으로 1주와 동일합니다. 보고서에는 거래 후 33,642.02주의 보통주를 실질 보유하고 있는 것으로 기재되어 있고, 취득가는 시장 매입이 아닌 현물 배당 등가를 반영하여 $0로 표시되어 있습니다.
John T. Martinez, Chief Legal Officer de MAXIMUS, Inc. (MMS), a déclaré dans un Form 4 une opération datée du 31/08/2025 indiquant l’acquisition de 144.404 actions ordinaires par le biais de droits équivalents aux dividendes accumulés sur des restricted stock units (RSU) précédemment attribuées et certaines performance share units (PSU). Les équivalents dividendes viennent à échéance proportionnellement aux RSU/PSU sous-jacentes et chaque droit est économiquement équivalent à une action. Le rapport mentionne 33 642,02 actions ordinaires détenues de façon bénéficiaire après la transaction et indique un prix d’acquisition de 0 $, reflétant une équivalence en nature des dividendes plutôt qu’un achat sur le marché.
John T. Martinez, Chief Legal Officer von MAXIMUS, Inc. (MMS), meldete in einem Form 4 eine Transaktion vom 31.08.2025, die den Erwerb von 144.404 Stammaktien durch dividendenäquivalente Rechte zeigt, die auf zuvor gewährten Restricted Stock Units (RSUs) und bestimmten Performance Share Units (PSUs) entstanden sind. Die Dividendenäquivalente werden anteilig mit den zugrunde liegenden RSUs/PSUs fällig, und jedes Recht entspricht wirtschaftlich einer Aktie. Der Bericht führt nach der Transaktion 33.642,02 Stammaktien als wirtschaftlich gehalten auf und gibt den Erwerbspreis mit $0 an, was auf eine Naturaldividenden‑Äquivalenz und keinen Marktankauf hinweist.
- Insider holdings increased by 144.404 shares via dividend equivalents, showing continued equity alignment with management
- Transaction is non-cash (price reported as $0), reflecting standard compensation mechanics rather than market trading
- None.
Insights
TL;DR: Routine insider receipt of dividend-equivalent shares from existing equity awards; governance implications are standard, not material.
The filing documents an accrual and vesting of dividend-equivalent rights tied to previously granted RSUs and PSUs rather than a cash purchase or sale. Such accruals are common in executive compensation and do not indicate a change in board composition, compensation policy, or extraordinary corporate action. The reported post-transaction beneficial ownership of 33,642.02 shares should be monitored only insofar as it relates to outstanding equity incentives and potential dilution metrics disclosed elsewhere.
TL;DR: Non-cash equity accrual increased insider holdings by 144.404 shares; this is a routine, non-market transaction.
The transaction code and explanation identify the acquisition as dividend equivalent rights that vest with RSUs/PSUs and carry an economic value equal to common shares. The reported price of $0 confirms these were not purchased on the open market. From a trading-impact perspective, the issuance is small relative to typical institutional float and is unlikely to affect short-term share supply or liquidity.
John T. Martinez, Chief Legal Officer di MAXIMUS, Inc. (MMS), ha dichiarato in un Form 4 una operazione datata 31/08/2025 che segnala l’acquisizione di 144.404 azioni ordinarie tramite diritti equivalenti ai dividendi maturati su restrizioni azionarie precedentemente assegnate (RSU) e su alcune unità azionarie legate alla performance (PSU). Gli equivalenti di dividendo maturano proporzionalmente alle RSU/PSU sottostanti e ogni diritto è economicamente equivalente a una azione. Il report indica la detenzione beneficiaria di 33.642,02 azioni ordinarie dopo l’operazione e riporta un prezzo di acquisizione pari a $0, a indicare che si tratta di un equivalenza in natura dei dividendi e non di un acquisto sul mercato.
John T. Martinez, Chief Legal Officer de MAXIMUS, Inc. (MMS), informó en un Form 4 una transacción con fecha 31/08/2025 que muestra la adquisición de 144.404 acciones ordinarias mediante derechos equivalentes a dividendos acumulados sobre unidades restringidas (RSU) previamente otorgadas y ciertas unidades por desempeño (PSU). Los equivalentes de dividendos se devengan proporcionalmente con las RSU/PSU subyacentes y cada derecho equivale económicamente a una acción. El informe lista 33.642,02 acciones ordinarias en propiedad beneficiaria tras la transacción e indica un precio de adquisición de $0, reflejando la equivalencia en especie de los dividendos y no una compra en el mercado.
John T. Martinez, MAXIMUS, Inc. (MMS)의 Chief Legal Officer는 2025-08-31자 거래를 Form 4에 보고했으며, 이전에 수여된 제한주(RSU)와 일부 성과주(PSU)에 대해 발생한 배당 등가권을 통해 144.404주 보통주를 취득한 것으로 나타났습니다. 배당 등가권은 기초 RSU/PSU에 비례해 권리가 확정되며 각 권리는 경제적으로 1주와 동일합니다. 보고서에는 거래 후 33,642.02주의 보통주를 실질 보유하고 있는 것으로 기재되어 있고, 취득가는 시장 매입이 아닌 현물 배당 등가를 반영하여 $0로 표시되어 있습니다.
John T. Martinez, Chief Legal Officer de MAXIMUS, Inc. (MMS), a déclaré dans un Form 4 une opération datée du 31/08/2025 indiquant l’acquisition de 144.404 actions ordinaires par le biais de droits équivalents aux dividendes accumulés sur des restricted stock units (RSU) précédemment attribuées et certaines performance share units (PSU). Les équivalents dividendes viennent à échéance proportionnellement aux RSU/PSU sous-jacentes et chaque droit est économiquement équivalent à une action. Le rapport mentionne 33 642,02 actions ordinaires détenues de façon bénéficiaire après la transaction et indique un prix d’acquisition de 0 $, reflétant une équivalence en nature des dividendes plutôt qu’un achat sur le marché.
John T. Martinez, Chief Legal Officer von MAXIMUS, Inc. (MMS), meldete in einem Form 4 eine Transaktion vom 31.08.2025, die den Erwerb von 144.404 Stammaktien durch dividendenäquivalente Rechte zeigt, die auf zuvor gewährten Restricted Stock Units (RSUs) und bestimmten Performance Share Units (PSUs) entstanden sind. Die Dividendenäquivalente werden anteilig mit den zugrunde liegenden RSUs/PSUs fällig, und jedes Recht entspricht wirtschaftlich einer Aktie. Der Bericht führt nach der Transaktion 33.642,02 Stammaktien als wirtschaftlich gehalten auf und gibt den Erwerbspreis mit $0 an, was auf eine Naturaldividenden‑Äquivalenz und keinen Marktankauf hinweist.
FAQ
What did John T. Martinez report on Form 4 for MAXIMUS (MMS)?
How many shares does John T. Martinez beneficially own after the transaction?
Was the acquisition a market purchase or cash transaction?
What are dividend equivalent rights as described in the filing?
When was the Form 4 signed by the reporting person?
