DeGaynor Jonathan B 4

What Happened Jonathan B. DeGaynor, President, CEO and a director of Methode Electronics (MEI), had 7,986 shares withheld to satisfy tax obligations related to the vesting of restricted stock units. The withholding was reported as a disposition (code F) on 2026-07-15 at $15.76 per share, totaling $125,859. This is a routine tax-withholding event tied to RSU vesting, not an open-market sale reflecting investment sentiment.

Key Details

• Transaction date: 2026-07-15; Filing date: 2026-07-16 (filed the next day; appears timely).
• Transaction: 7,986 shares withheld (Disposition code F) at $15.76 per share; total value reported $125,859.
• Shares owned after transaction: Not reported in the information provided in this summary.
• Footnote: F1 — shares were withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
• No indication of a 10b5-1 plan or an open-market sale; this was a tax withholding/cashless settlement related to RSUs.

Context Tax-withholding dispositions for vested RSUs are common and typically administrative; they do not necessarily reflect the insider’s view of the company’s prospects. For transparency, retail investors should note these are different from deliberate open-market sales or purchases.