METHODE (MEI) CEO Jonathan B. DeGaynor Withholds 47,268 Shares

What Happened

• Jonathan B. DeGaynor, CEO, President and a director of Methode Electronics (MEI), had 47,268 shares disposed to the issuer on 2026-08-08 at $16.67 per share, a notional value of $787,958. The filing shows the disposition was to satisfy tax obligations tied to the vesting of restricted stock units (RSUs).

Key Details

• Transaction date and price: 2026-08-08 at $16.67 per share.
• Shares involved: 47,268; aggregate value: $787,958.
• Transaction type: Disposition to issuer (code D); footnote F1 indicates shares were withheld to satisfy tax withholding for vested RSUs.
• Filing date: 2026-08-10 (filed two days after the transaction); no late filing is indicated in the provided data.
• Shares owned after the transaction: Not reported in this filing.

Context

• This was a tax-withholding event on RSU vesting (cashless share withholding), not an open-market sale. Such withholdings are routine and reflect tax obligations rather than a discretionary sale of shares by the insider, so they are generally not viewed as a directional signal about the insider’s view of the company.