Cadwallader Brian J 4

What Happened Brian J. Cadwallader, a director of Methode Electronics, Inc. (MEI), was credited with 432.15 shares (theoretical/phantom shares) on January 31, 2026. The award is reported at an implied price of $5.37 per share for a total value of approximately $2,321. This was an award/acquisition (code A) under a company deferred compensation arrangement, not an open-market purchase.

Key Details

• Transaction date: January 31, 2026; Filing date: March 16, 2026 (file appears late relative to the typical 2-business-day Form 4 deadline).
• Shares credited: 432.15; Price per share used in reporting: $5.37; Reported value: ~$2,321.
• Transaction type: Award/Grant (A) — additional theoretical common shares (phantom stock) credited under the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
• Footnote: The shares reflect phantom/common share units credited pursuant to the plan’s dividend reinvestment feature (footnote F1).
• Shares owned after the transaction: Not disclosed on this Form 4.

Context These credits are part of a deferred-compensation arrangement (phantom stock) and represent bookkeeping units tied to compensation and dividend reinvestment, not an immediate open-market investment. Such awards are routine for compensation and do not necessarily indicate the director bought or sold company stock outright. The late filing means regulators and investors received the disclosure later than the usual Form 4 timing; it does not alter the nature of the transaction.