Erwin John Thomas 4
Research Summary
AI-generated summary
Methode (MEI) CPO Erwin Thomas Withholds 142 Shares for Taxes
What Happened
Erwin John Thomas, Chief Product Officer & EHS Officer at Methode Electronics, had 142 shares withheld to satisfy tax obligations related to restricted stock unit (RSU) vesting. The shares were valued at $7.42 each for a total of roughly $1,054. This is a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-01-15; price per share: $7.42; shares withheld: 142; total value ≈ $1,054.
- Transaction code: F (shares withheld to cover tax liability).
- Footnote: F1 — represents shares withheld to satisfy the reporting person's tax obligations associated with the vesting of restricted stock units.
- Filing: Form 4 filed 2026-01-21 reporting the Jan 15 transaction (see filing for timeliness/status).
- Shares owned after the transaction: not specified in the summary portion provided; refer to the Form 4 for the exact post-transaction holdings.
Context
This was a routine tax-withholding in connection with RSU vesting (a cashless administrative action), not an open-market sale. Such withholdings reduce the insider's share count but generally do not indicate a change in sentiment about the company. Purchases by insiders tend to be more informative about bullish intent; tax-withholding dispositions are common and administrative.