Maximus (MMS) director John J. Haley granted 7,009 RSUs and boosts holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HALEY JOHN J reported acquisition or exercise transactions in this Form 4 filing.
MAXIMUS, INC. director John J. Haley received an equity grant of 7,009 restricted stock units, a form of stock-based compensation. These RSUs vest one year from the grant date, and he has elected to defer receiving the common shares until his service on the board ends.
Following this grant, he holds 47,115.951 shares of common stock directly. He also has indirect holdings of 71,132 shares through the John J. Haley Grantor Retained Annuity Trust Seven and 32,764 shares through the John J. Haley Grantor Retained Annuity Trust Eight. The position includes 135.462 dividend equivalent rights that vest alongside earlier RSU awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HALEY JOHN J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,009 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 47,115.951 shares (Direct);
Common Stock — 71,132 shares (Indirect, By John J. Haley Grantor Retained Annuity Trust Seven)
Footnotes (1)
- Represents a grant of restricted stock units ("RSUs") that vest one year from the date of grant. The reporting person elected to defer the receipt of common stock until the termination of service as a member of the issuer's board of directors. Includes 135.462 dividend equivalent rights accrued on previously-awarded RSUs that vest proportionately with the RSUs to which they relate.
FAQ
What insider transaction did John J. Haley report at MAXIMUS (MMS)?
John J. Haley reported receiving a grant of 7,009 restricted stock units from MAXIMUS as equity compensation. These RSUs vest after one year, and he chose to defer receiving the underlying common shares until his board service with the company ends.
What are the vesting terms of John J. Haley’s new MAXIMUS RSU award?
The new MAXIMUS RSU award to John J. Haley vests one year from the grant date. Although the RSUs vest then, he has elected to defer receiving the underlying common stock until his service as a member of the board of directors terminates.
How are dividend equivalents handled on John J. Haley’s MAXIMUS RSUs?
The position includes 135.462 dividend equivalent rights accrued on previously awarded RSUs. These dividend equivalents vest proportionately with the underlying RSUs they relate to, effectively mirroring the vesting schedule of those earlier restricted stock unit grants at MAXIMUS.
Are John J. Haley’s MAXIMUS transactions open-market buys or sells?
The reported Form 4 shows an equity grant of restricted stock units to John J. Haley, not an open-market buy or sell. The transaction is compensation-related, awarded at no cash cost per share, and increases his stock-based stake in MAXIMUS through RSUs.
What indirect MAXIMUS (MMS) holdings does John J. Haley report?
John J. Haley reports indirect ownership of MAXIMUS common stock through two Grantor Retained Annuity Trusts. One trust holds 71,132 shares and the other holds 32,764 shares, in addition to his directly held shares and RSU-based interests disclosed in the filing.