Form 4: Energizer Director Robert Vitale Acquires Phantom Stock

Director Robert Vitale acquired 1,827 phantom stock units as part of his annual retainer deferral for Energizer Holdings.

Summary

• Director Robert V. Vitale acquired 1,827 phantom stock units on March 31, 2026.
• The acquisition represents a deferral of the director's annual retainer into the company's Deferred Compensation Plan.
• Each phantom stock unit is the economic equivalent of one share of Energizer Holdings common stock.
• Following this transaction, the director holds a total of 30,211 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Demonstrates alignment of director interests with shareholders through equity-based compensation.
• Reflects long-term commitment to the company by deferring compensation.

Negatives

• None identified.

Risks

• Value of phantom stock units is tied directly to the future performance of Energizer Holdings common stock.

Future Outlook

The phantom stock units are payable in shares of common stock upon the termination of the reporting person's service on the Board of Directors.

Management Comments

• The transaction represents the deferral of the annual retainer credited to the Reporting Person's balance in the Energizer Stock Unit Fund.

Industry Context

StockSavvy.ai notes that director compensation deferrals into equity-linked instruments are standard corporate governance practices designed to ensure board members maintain a vested interest in long-term company performance.

Comparison to Industry Standards

• The use of phantom stock for director compensation is a common practice among S&P 500 and mid-cap consumer goods companies to align board incentives with shareholder value.
• The structure of this transaction is consistent with standard deferred compensation plans utilized by peers in the household products sector.

Stakeholder Impact

• Provides transparency to shareholders regarding director equity holdings.

Next Steps

• The director will continue to hold these units until the termination of their service on the Board of Directors.

Key Dates

Keywords

Energizer Holdings, ENR, Form 4, Insider Trading, Director Compensation, Phantom Stock