Director Mark D. Schwabero filed a Form 4 with the SEC on November 3, 2026, disclosing transactions in Phantom Stock and Restricted Stock Units at Methode Electronics Inc. (NYSE:MEI) with an earliest transaction date of October 31, 2026.

Key Highlights

  • Phantom Stock acquisition: Schwabero was credited 160.14 phantom stock units on October 31, 2026, at a price of $14.72, via the dividend reinvestment feature of the Methode Electronics Nonqualified Deferred Compensation Plan.
  • Post-transaction phantom stock balance: Following the transaction, Schwabero holds 47,302.77 phantom stock units indirectly through the Deferred Compensation Plan.
  • Common stock held directly: The filing lists 6,000 shares of Common Stock held directly, with no transaction code reported for that position.
  • RSU grant disclosed: 9,186 Restricted Stock Units, granted under the Company's 2026 Omnibus Incentive Plan, are reported as beneficially owned, 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.
  • Relationship to issuer: Schwabero is identified solely as a Director of Methode Electronics Inc.

Phantom Stock Credit and RSU Holdings Reported by Methode Electronics Director Schwabero

According to the Form 4 filed on November 3, 2026, Mark D. Schwabero, a Director of Methode Electronics Inc. (NYSE:MEI), reported a credit of 160.14 phantom stock units on October 31, 2026, at a price of $14.72 per unit. The filing states that this amount "reflects 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 transaction, Schwabero's indirect holding in the Deferred Compensation Plan stands at 47,302.77 phantom stock units.

The filing also discloses that Schwabero directly holds 6,000 shares of Common Stock, with no transaction code entered for this position in the filing. Separately, 9,186 Restricted Stock Units are reported as directly beneficially owned. The filing notes these RSUs were "granted under the Company's 2026 Omnibus Incentive Plan" and will vest in three installments: 33% on September 22, 2027; 33% on September 22, 2028; and 34% on September 22, 2029. No acquisition or disposition transaction was recorded for the RSUs in this particular filing.

The Form 4 was signed by Kerry Vyverberg as attorney-in-fact for Mark Schwabero and filed on November 3, 2026. The filing indicates it was made by one reporting person and is not an amendment to a prior filing.

What Was Disclosed

The filing reports a phantom stock credit of 160.14 units at $14.72 to Schwabero's Deferred Compensation Plan account, bringing that balance to 47,302.77 units, alongside existing holdings of 6,000 shares of Common Stock and 9,186 Restricted Stock Units with a three-year vesting schedule.