Methode (MEI) Director Brian Cadwallader Receives RSU Award (9,186)

What Happened Brian J. Cadwallader, a director of Methode Electronics, was granted 9,186 restricted stock units (RSUs) on 2026-09-22 (transaction code A — Award/Grant). The RSUs are recorded at $0.00 per share on the Form 4 because they are derivative awards that convert to common stock only upon vesting; no cash purchase or sale occurred at grant.

Key Details

• Transaction date: 2026-09-22; Form 4 filed: 2026-09-24 (two days after grant).
• Transaction type/code: Award/Grant (A); reported as a derivative acquisition (RSUs).
• Shares/units granted: 9,186 restricted stock units. Reported price: $0.00 (typical for RSU grants).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share of Methode common stock upon vesting under the Company’s 2026 Omnibus Incentive Plan.
  • F2: The RSUs vest in full on the date of Methode’s 2027 annual meeting of shareholders.
• No indication in the filing of a 10b5-1 plan, immediate sale, or tax-withholding at grant.

Context This is a standard equity compensation award to a director rather than an open-market purchase or sale. RSU grants do not immediately increase public float until they vest and are settled as shares; they represent future potential ownership subject to vesting and plan terms. Such awards are routine for compensating executives and directors and should not be interpreted as an immediate market purchase or sale.