Methode (MEI) CEO Jonathan DeGaynor Receives RSU Award

What Happened
Jonathan B. DeGaynor, CEO, President and Director of Methode Electronics, was granted two restricted stock unit (RSU) awards on 2026-09-22 totaling 170,840 RSUs (15,000 + 155,840). Both grants are reported as acquisition code A (awards/derivatives) at $0 per share — these are equity compensation awards, not open-market purchases or sales.

Key Details

• Transaction date: 2026-09-22; Form filed: 2026-09-24 (timely filing).
• Grants reported:
  • 15,000 RSUs acquired @ $0 (derivative) — footnote indicates vest in full on the fifth anniversary of the grant.
  • 155,840 RSUs acquired @ $0 (derivative) — footnote indicates vesting schedule 33% on 9/22/27, 33% on 9/22/28, and 34% on 9/22/29.
• Total RSUs awarded: 170,840.
• Footnote summary: Each RSU represents a contingent right to receive one share of Methode common stock upon vesting.
• Shares owned after transaction: not specified in the filing.
• Transaction type/code: A = Award/Grant (derivative); reported dollar value at grant = $0.
• Filing status: timely (no late-filing flag).

Context
RSUs are deferred equity compensation: they convert to common shares only if/when they vest and typically are taxable as ordinary income at vesting. Because this was a compensation grant rather than a market purchase or sale, it reflects executive pay/retention actions more than immediate insider buying/selling sentiment.