Methode (MEI) General Counsel Kerry Vyverberg Receives RSU Award

What Happened
Kerry A. Vyverberg, General Counsel of Methode Electronics, was granted 16,634 restricted stock units (RSUs) on 2026-09-22. The grant is reported as a derivative award with a reported acquisition price of $0. This is an equity compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-22; Form 4 filed 2026-09-24 (two days after the grant).
• Security: Restricted Stock Units (each RSU converts to one share upon vesting).
• Shares/Units granted: 16,634 RSUs; reported acquisition price: $0 (derivative).
• Vesting schedule (footnote): 33% on 9/22/2027; 33% on 9/22/2028; 34% on 9/22/2029.
• Shares owned after transaction: Not reported in the details provided.
• Transaction type: Award/Grant (derivative RSUs), not a purchase or sale.

Context
RSUs are a form of compensation that convert into shares only if and when they vest; they do not represent immediately tradeable shares. Such grants are common as long-term incentive pay and should be viewed as compensation rather than a direct market bet by the insider. The filing appears timely (filed two days after the grant).