Methode Electronics grants CEO 150,000 RSUs and sets fiscal 2027 long-term incentive awards
On September 22, 2026, Methode Electronics' Compensation Committee awarded time-based and performance-based restricted stock units to its executive officers as its fiscal 2027 long-term incentive program. The package includes a separate 150,000-unit time-based award to CEO Jonathan DeGaynor that vests in full on September 22, 2031, subject to continued employment.
Key points
- CEO Jonathan DeGaynor received 150,000 time-based RSUs, plus 155,840 time-based RSUs and 155,840 target PSUs under the 2027 LTI Program.
- Time-based RSUs for the other named executives vest over three years at 33%, 33% and 34%.
- PSUs may be earned on July 15, 2029, based on ROIC (40%) and annualized TSR (60%) over fiscal 2027 to fiscal 2029, with 0% to 200% payout.
- The awards were made under the 2026 Omnibus Incentive Plan, with advice from consultant Frederic W. Cook & Co., Inc.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 25, 2026.
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