Methode (MEI) Director Therese Bobek Receives Award of 100 Shares

What Happened

• Therese M. Bobek, a director of Methode Electronics, Inc. (MEI), was credited with 100.31 shares (transaction code A — award/acquisition) on 2026-07-31 at a reported price of $13.99 per share, valuing the award at approximately $1,403. This was not an open-market purchase but an award/credit under a company plan.

Key Details

• Transaction date and price: 2026-07-31 at $13.99 per share (total ~$1,403).
• Transaction type: A (grant/award/acquisition); these shares are described as theoretical/phantom shares.
• Shares owned after transaction: not stated in the provided filing.
• Footnote: The shares reflect phantom common shares credited via the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan (F1).
• Filing date/timeliness: Form 4 filed 2026-08-04; this appears to be timely (filed within the required two business days).

Context

• Phantom/theoretical shares credited under a deferred compensation plan are bookkeeping credits (often settled in cash or stock later) and are routine compensation or plan-related adjustments rather than direct market purchases or sales. Such awards are generally less indicative of immediate insider sentiment than open-market buys.