Methode Electronics Executives Opt for Performance-Based RSUs

An announcement from Methode Electronics (MEI) is now available.

Methode Electronics’ Compensation Committee has introduced an option for executive officers to receive their annual performance-based bonuses in restricted stock units (RSUs) instead of cash, aiming to better align executive interests with those of shareholders. This opportunity, based on the company’s stock price as of July 25, 2024, has been accepted by executives Kevin M. Martin and Andrea J. Barry who elected to take 44,746 and 32,734 RSUs respectively, which will vest in March 2025, or sooner if certain conditions are met.

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