SCHWABERO MARK D 4

What Happened

Mark D. Schwabero, a director of Methode Electronics, received an award of 432.15 theoretical (phantom) common shares on January 31, 2026. The award is reported at an acquisition price of $5.37 per share, with a total reported value of $2,321. The transaction is coded as an acquisition/award (Code A), not an open-market purchase.

Key Details

• Transaction date: 2026-01-31; Form 4 filed: 2026-03-16 (filed more than two business days after the transaction).
• Price reported: $5.37 per share; Shares acquired: 432.15; Total value reported: $2,321.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: The shares are theoretical (phantom stock) credited under the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan (Footnote F1).
• Transaction code: A (award/grant/other acquisition).

Context

This was a deferred-compensation credit (phantom shares) rather than an open-market purchase of common stock. Phantom-share credits generally reflect company compensation plan mechanics (dividend reinvestment) and do not necessarily indicate a director buying or selling actual shares. The Form 4 was filed on 2026-03-16 for a 2026-01-31 transaction, which appears to be late relative to the usual two-business-day reporting requirement.