Methode (MEI) SVP Lars Ullrich Receives RSU Award

What Happened
Lars Ullrich, SVP Global Automotive Business at Methode Electronics (MEI), received a grant of 27,625 restricted stock units (RSUs) reported as a derivative acquisition on 2026-09-22. The award is listed at $0.00 cash consideration in the Form 4 (i.e., an equity award rather than a purchase). No shares were sold or bought in the market as part of this transaction.

Key Details

• Transaction date: 2026-09-22 (Form 4 filed 2026-09-24).
• Transaction type/code: Grant/Award (reported as A, derivative); acquisition price reported $0.00.
• Shares/units granted: 27,625 restricted stock units (each represents a contingent right to one share).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes from filing: F1 — each RSU converts to one share upon vesting under the Company’s 2026 Omnibus Incentive Plan. F2 — vesting schedule: 33% on 9/22/2027; 33% on 9/22/2028; 34% on 9/22/2029.
• Filing timeliness: Form 4 was filed two days after the transaction date; the filing itself does not indicate a late report.

Context
RSUs are a common form of equity compensation and represent a future right to receive shares if/when they vest; they do not reflect an immediate market purchase or sale. The eventual value to the insider depends on Methode’s share price at each vesting date. This type of award is routine compensation and should be interpreted as such rather than a direct buy/sell signal.