[Form 4] MAXIMUS, Inc. Insider Trading Activity
Michelle Link, Chief of Human Resources and officer of MAXIMUS, Inc. (MMS), received 97.051 shares as dividend equivalent rights related to previously awarded restricted stock units and performance share units. These dividend equivalent rights are the economic equivalent of one share of MAXIMUS common stock each and vest proportionately with the underlying RSUs and vested PSUs where performance criteria were met. After the reported accrual, Ms. Link beneficially owns 28,539.482 shares of MAXIMUS common stock, held directly.
Michelle Link, responsabile delle Risorse Umane e dirigente di MAXIMUS, Inc. (MMS), ha ricevuto 97.051 azioni come diritti equivalenti a dividendi relativi a unit脿 di azioni vincolate e unit脿 di azioni legate alla performance precedentemente assegnate. Questi diritti equivalenti a dividendi corrispondono economicamente a una azione ordinaria di MAXIMUS ciascuno e maturano in misura proporzionale alle RSU sottostanti e alle PSU maturate al raggiungimento dei criteri di performance. Dopo l'accantonamento segnalato, la sig.ra Link detiene direttamente 28,539.482 azioni ordinarie di MAXIMUS.
Michelle Link, directora de Recursos Humanos y ejecutiva de MAXIMUS, Inc. (MMS), recibi贸 97.051 acciones como derechos equivalentes a dividendos relacionados con unidades de acciones restringidas y unidades de acciones por desempe帽o otorgadas con anterioridad. Estos derechos equivalentes a dividendos representan econ贸micamente una acci贸n ordinaria de MAXIMUS cada uno y se consolidan de forma proporcional con las RSU subyacentes y las PSU que se hayan hecho efectivas al cumplirse los criterios de rendimiento. Tras la provisi贸n comunicada, la Sra. Link posee 28,539.482 acciones ordinarias de MAXIMUS en propiedad directa.
MAXIMUS, Inc.(MMS)鞚� 鞚胳偓齑濌磩 毂呾瀯鞛愳澊鞛� 鞛勳洂鞚� Michelle Link電� 鞚挫爠鞐� 攵�鞐悳 鞝滍暅欤检嫕雼渼(RSU) 氚� 靹标臣欤检嫕雼渼(PSU)鞐� 甏�頃� 氚半嫻靸侂嫻甓� 97.051欤茧ゼ 氚涭晿鞀惦媹雼�. 鞚� 氚半嫻靸侂嫻甓岇潃 臧侁皝 MAXIMUS 氤错喌欤� 1欤检檧 霃欖澕頃� 瓴届牅鞝� 須牓鞚� 臧�歆�氅�, 旮办磮 RSU 氚� 靹标臣 旮办鞚� 於╈”霅� PSU鞕� 霃欖澕 牍勳湪搿� 氩犾姢韺呺惄雼堧嫟. 氤搓碃霅� 於╇嫻旮� 氚橃榿 頉�, Link 鞌姅 MAXIMUS 氤错喌欤� 28,539.482欤茧ゼ 歆侅爲 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
Michelle Link, directrice des ressources humaines et dirigeante de MAXIMUS, Inc. (MMS), a re莽u 97,051 actions sous forme de droits 茅quivalents au dividende li茅s 脿 des unit茅s d'actions restreintes et des unit茅s d'actions de performance pr茅c茅demment attribu茅es. Ces droits 茅quivalents au dividende 茅quivalent 茅conomiquement 脿 une action ordinaire de MAXIMUS chacun et acqui猫rent proportionnellement avec les RSU sous-jacentes et les PSU pour lesquelles les crit猫res de performance ont 茅t茅 atteints. Apr猫s la provision signal茅e, Mme Link d茅tient directement 28,539.482 actions ordinaires de MAXIMUS.
Michelle Link, Chief of Human Resources und leitende Angestellte von MAXIMUS, Inc. (MMS), erhielt 97.051 Anteile als Dividenden盲quivalente im Zusammenhang mit zuvor gew盲hrten Restricted Stock Units und Performance Share Units. Diese Dividenden盲quivalente entsprechen wirtschaftlich jeweils einer Stammaktie von MAXIMUS und werden anteilig mit den zugrunde liegenden RSUs sowie den PSUs, f眉r die Leistungsziele erf眉llt wurden, ausgegeben. Nach der gemeldeten R眉ckstellung besitzt Frau Link 28,539.482 Stammaktien von MAXIMUS im Direktbesitz.
- Timely disclosure of the accrual under Section 16(a) maintains regulatory transparency
- Dividend equivalent rights vested indicate performance criteria were met for certain PSUs
- None.
Insights
TL;DR: Routine Form 4 disclosure of dividend equivalent rights accruing on equity awards for an officer; no cash transaction or sale reported.
This filing reports an accrual of 97.051 dividend equivalent rights that convert economically to common shares and vest with the related RSUs/PSUs. The report reflects an acquisition code A with $0 price, consistent with dividend equivalents rather than a market purchase. The reporting person now beneficially owns 28,539.482 shares directly. There is no indication of sales, pledges, or derivative exercises in this filing. The filing was signed by an attorney-in-fact on behalf of the reporting person.
TL;DR: Small equity accrual to an executive; immaterial to company capitalization but important for insider holdings transparency.
The transaction size (97.051 shares) is minor relative to total insider holdings and market capitalization, indicating routine compensation mechanics rather than a material event. The use of dividend equivalent rights that vest with RSUs/PSUs is consistent with common equity compensation practices. Reporting is timely and follows Section 16 requirements.
Michelle Link, responsabile delle Risorse Umane e dirigente di MAXIMUS, Inc. (MMS), ha ricevuto 97.051 azioni come diritti equivalenti a dividendi relativi a unit脿 di azioni vincolate e unit脿 di azioni legate alla performance precedentemente assegnate. Questi diritti equivalenti a dividendi corrispondono economicamente a una azione ordinaria di MAXIMUS ciascuno e maturano in misura proporzionale alle RSU sottostanti e alle PSU maturate al raggiungimento dei criteri di performance. Dopo l'accantonamento segnalato, la sig.ra Link detiene direttamente 28,539.482 azioni ordinarie di MAXIMUS.
Michelle Link, directora de Recursos Humanos y ejecutiva de MAXIMUS, Inc. (MMS), recibi贸 97.051 acciones como derechos equivalentes a dividendos relacionados con unidades de acciones restringidas y unidades de acciones por desempe帽o otorgadas con anterioridad. Estos derechos equivalentes a dividendos representan econ贸micamente una acci贸n ordinaria de MAXIMUS cada uno y se consolidan de forma proporcional con las RSU subyacentes y las PSU que se hayan hecho efectivas al cumplirse los criterios de rendimiento. Tras la provisi贸n comunicada, la Sra. Link posee 28,539.482 acciones ordinarias de MAXIMUS en propiedad directa.
MAXIMUS, Inc.(MMS)鞚� 鞚胳偓齑濌磩 毂呾瀯鞛愳澊鞛� 鞛勳洂鞚� Michelle Link電� 鞚挫爠鞐� 攵�鞐悳 鞝滍暅欤检嫕雼渼(RSU) 氚� 靹标臣欤检嫕雼渼(PSU)鞐� 甏�頃� 氚半嫻靸侂嫻甓� 97.051欤茧ゼ 氚涭晿鞀惦媹雼�. 鞚� 氚半嫻靸侂嫻甓岇潃 臧侁皝 MAXIMUS 氤错喌欤� 1欤检檧 霃欖澕頃� 瓴届牅鞝� 須牓鞚� 臧�歆�氅�, 旮办磮 RSU 氚� 靹标臣 旮办鞚� 於╈”霅� PSU鞕� 霃欖澕 牍勳湪搿� 氩犾姢韺呺惄雼堧嫟. 氤搓碃霅� 於╇嫻旮� 氚橃榿 頉�, Link 鞌姅 MAXIMUS 氤错喌欤� 28,539.482欤茧ゼ 歆侅爲 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
Michelle Link, directrice des ressources humaines et dirigeante de MAXIMUS, Inc. (MMS), a re莽u 97,051 actions sous forme de droits 茅quivalents au dividende li茅s 脿 des unit茅s d'actions restreintes et des unit茅s d'actions de performance pr茅c茅demment attribu茅es. Ces droits 茅quivalents au dividende 茅quivalent 茅conomiquement 脿 une action ordinaire de MAXIMUS chacun et acqui猫rent proportionnellement avec les RSU sous-jacentes et les PSU pour lesquelles les crit猫res de performance ont 茅t茅 atteints. Apr猫s la provision signal茅e, Mme Link d茅tient directement 28,539.482 actions ordinaires de MAXIMUS.
Michelle Link, Chief of Human Resources und leitende Angestellte von MAXIMUS, Inc. (MMS), erhielt 97.051 Anteile als Dividenden盲quivalente im Zusammenhang mit zuvor gew盲hrten Restricted Stock Units und Performance Share Units. Diese Dividenden盲quivalente entsprechen wirtschaftlich jeweils einer Stammaktie von MAXIMUS und werden anteilig mit den zugrunde liegenden RSUs sowie den PSUs, f眉r die Leistungsziele erf眉llt wurden, ausgegeben. Nach der gemeldeten R眉ckstellung besitzt Frau Link 28,539.482 Stammaktien von MAXIMUS im Direktbesitz.
FAQ
What did Michelle Link report on the Form 4 for MAXIMUS (MMS)?
What is the economic nature of the reported dividend equivalent rights?
Was there any cash paid for the shares reported on this Form 4?
How many shares does the reporting person own after the transaction?
When was the transaction dated on the Form 4?
