RAJAN GAYATHRI 4

What Happened
Rajan Gayathri, a director of MAXIMUS, Inc. (MMS), was granted 2,246 restricted stock units (RSUs) on March 10, 2026. The Form 4 lists the transaction as an award/grant (code A) with an acquisition price of $0, which is typical for equity compensation awards; the economic value will materialize if and when the RSUs vest and convert to shares.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 2,246 RSUs; acquisition price reported as $0.
• Vesting: Footnote F1 — these RSUs vest one year from the grant date.
• Additional footnote (F2): references 9.878 dividend equivalent rights on prior RSUs and 53.308 shares acquired via dividend reinvestment.
• Shares owned after transaction: Not specified in the filing.
• Exhibit included: Exhibit 24 — Power of Attorney.

Context
RSU grants are compensation, not open-market purchases or sales, so they don't directly signal immediate insider buying or selling. The award will only convert to company stock (and thus have cash/market value) if the vesting conditions are met one year from the grant date.