A Form 4 filed on November 3, 2026, by Methode Electronics Inc. director Mary A. Lindsey disclosed the acquisition of 107.3 phantom stock units and the holding of 9,186 Restricted Stock Units as of October 31, 2026.

Key Highlights

  • Phantom stock credited: 107.3 theoretical common shares were credited to Mary A. Lindsey on October 31, 2026, at a price of $14.72 per share via the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
  • Deferred compensation plan balance: Following the transaction, Lindsey indirectly holds 31,695.48 phantom stock units within the Nonqualified Deferred Compensation Plan.
  • Direct common stock holdings: The filing reports 25,970 shares of common stock held directly.
  • RSU grant disclosed: Lindsey holds 9,186 Restricted Stock Units granted under the Company's 2026 Omnibus Incentive Plan, with no acquisition or disposal transaction reported in this filing.
  • RSU vesting schedule: The Restricted Stock Units are reported to vest 33% on 9/22/27, 33% on 9/22/28, and 34% on 9/22/29, according to the filing.
  • Relationship to issuer: Lindsey is identified in the filing as a Director of Methode Electronics Inc., traded on NYSE:MEI.

Lindsey's Phantom Stock Credit and RSU Holdings at Methode Electronics

The Form 4 filing covers transactions dated October 31, 2026, and was signed by Kerry Vyverberg as attorney-in-fact for Mary A. Lindsey. According to the filing, the 107.3 phantom stock units acquired represent "additional theoretical common shares (i.e., phantom stock) which were credited pursuant to the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan." The transaction code is listed as A (acquisition), and the securities are held indirectly through the deferred compensation plan.

In addition to the phantom stock transaction, the filing discloses that Lindsey holds 9,186 Restricted Stock Units as a direct beneficial interest. The filing states these were "granted under the Company's 2026 Omnibus Incentive Plan." No acquisition or disposal of RSUs is recorded as a transaction in this filing; the RSU position is reported in Table II as a continuing holding. The RSUs carry a conversion price of $0 and are tied to underlying common stock. The filing also lists 25,970 shares of common stock held directly, with no transaction recorded for that position in this report.

The filing was submitted on November 3, 2026, covering the earliest transaction date of October 31, 2026. It was filed by one reporting person, with no indication that the filing is an amendment to a prior form.

What Was Disclosed

Methode Electronics director Mary A. Lindsey filed a Form 4 reporting the crediting of 107.3 phantom stock units at $14.72 each to her deferred compensation plan account, bringing her indirect phantom stock total to 31,695.48 units, and disclosing a continuing holding of 9,186 RSUs under the 2026 Omnibus Incentive Plan.