Kerry A. Vyverberg - 14 Sep 2022 Form 4 Insider Report for METHODE ELECTRONICS INC (MEI)

Role
General Counsel
Signature
/s/ Kerry A. Vyverberg
Issuer symbol
MEI
Transactions as of
14 Sep 2022
Net transactions value
$0
Form type
4
Filing time
16 Sep 2022, 17:00:13 UTC
Next filing
02 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEI Common Stock Award $0 +12,098 +426% $0.000000 14,938 14 Sep 2022 Direct F1
transaction MEI Common Stock Award $0 +12,098 +81% $0.000000 27,036 14 Sep 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock granted under the Company's 2022 Omnibus Incentive Plan. The Restricted Stock is eligible to be earned based on the Company's Fiscal 2025 EBITDA, subject to certain adjustments.
F2 Restricted Stock Units granted under the Company's 2022 Omnibus Incentive Plan. The Restricted Stock Units will vest 30% on May 3, 2025, 30% on May 2, 2026 and 40% on May 1, 2027.