Form 4: Energizer Holdings Director James C. Johnson Reports Acquisition of Restricted Stock Units

Director James C. Johnson reports the acquisition of 4,335 Restricted Stock Units (RSUs) of Energizer Holdings, Inc.

Summary

• On January 2, 2025, James C. Johnson, a director of Energizer Holdings, Inc., was granted 4,335 Restricted Stock Units (RSUs).
• These RSUs convert into common stock on a one-for-one basis.
• The annual RSU award is valued at $150,000.
• The RSUs vest and convert into shares one year from the date of grant, unless Johnson elects to defer conversion until retirement.
• All RSUs vest and convert upon death, termination of service on the Board, or a Change of Control.
• Johnson has authorized Alisa Diakova, among others, to sign and file Forms 3, 4, and 5 on his behalf with the SEC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of RSUs by a director is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs vest and convert into shares one year from the date of grant unless Reporting Person elects to defer conversion until retirement. All RSUs vest and convert upon death, termination of service on the Board and Change of Control.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the acquisition of RSUs, a common form of executive compensation.

Comparison to Industry Standards

• RSUs are a common form of equity compensation used by companies like Energizer Holdings to align the interests of directors and executives with those of shareholders.
• Companies such as Procter & Gamble, Clorox, and Colgate-Palmolive also utilize similar equity-based compensation plans for their executives and directors.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates