Director Brian J. Cadwallader of Methode Electronics Inc filed a Form 4 on November 3, 2026, disclosing transactions dated October 31, 2026, including an acquisition of phantom stock units and a reported holding of restricted stock units.

Key Highlights

  • Phantom stock acquired: 160.14 phantom stock units were credited on October 31, 2026, at a price of $14.72, via the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan.
  • Total phantom stock position: Following the transaction, Cadwallader beneficially owns 47,302.77 phantom stock units indirectly through the Deferred Compensation Plan.
  • Common stock held in trust: The filing reports 6,800 shares of common stock held indirectly in trust, with no transaction recorded for those shares.
  • RSU holding reported: Cadwallader holds 9,186 restricted stock units directly, granted under the Company's 2026 Omnibus Incentive Plan, with no acquisition or disposition transaction recorded in this filing.
  • RSU vesting schedule: The restricted stock units vest 33% on 9/22/27, 33% on 9/22/28, and 34% on 9/22/29, according to the filing.
  • Reporting person role: Brian J. Cadwallader is identified as a Director of Methode Electronics Inc (NYSE:MEI).

Cadwallader's October 2026 Deferred Compensation Credit and RSU Position at Methode Electronics

According to the Form 4 filed November 3, 2026, Director Brian J. Cadwallader received a credit of 160.14 phantom stock units on October 31, 2026, at a price of $14.72 per unit. The filing states these units reflect "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." Following this acquisition, the filing discloses that Cadwallader beneficially owns 47,302.77 phantom stock units indirectly through that plan.

The filing also reports that Cadwallader holds 6,800 shares of common stock indirectly in trust, though no transaction affecting those shares is recorded. Cadwallader's address is listed as 25650 W 11 Mile Rd, Southfield, Michigan 48034. The form was signed by Kerry Vyverberg as attorney-in-fact for Brian J. Cadwallader on November 3, 2026.

In Table II, the filing discloses a holding of 9,186 restricted stock units, held directly, with a conversion price of $0 and granted under the Company's 2026 Omnibus Incentive Plan. No acquisition or disposition of the restricted stock units is recorded in this filing. Per the explanation of responses, those units are scheduled to vest 33% on 9/22/27, 33% on 9/22/28, and 34% on 9/22/29. The filing was submitted as an individual filing by one reporting person and is not marked as an amendment.

What Was Disclosed

The filing disclosed a dividend-reinvestment credit of 160.14 phantom stock units at $14.72 to Cadwallader's deferred compensation account, bringing his total indirect phantom stock position to 47,302.77 units, alongside a reported standing holding of 9,186 restricted stock units vesting through 2029.