Form 4: Energizer Holdings Director Rebecca Frankiewicz Reports Acquisition of Phantom Stock Units

Director Rebecca Frankiewicz reports acquiring 423 Phantom Stock Units in Energizer Holdings' Deferred Compensation Plan on June 28, 2024.

Summary

• On June 28, 2024, Rebecca Frankiewicz, a director of Energizer Holdings, Inc., acquired 423 Phantom Stock Units in the company's Deferred Compensation Plan.
• These units represent a deferral of her annual retainer and are credited to her balance in the Energizer Stock Unit Fund.
• Each Phantom Stock Unit is economically equivalent to one share of Energizer Holdings common stock.
• The transaction occurred at a price of $29.54 per unit.
• Following the transaction, Frankiewicz directly owns 12,003 shares.
• The Phantom Stock Units are payable in shares of common stock upon the termination of her service on the Company's Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard transaction related to director compensation, indicating alignment with shareholder interests.

Positives

• The acquisition of Phantom Stock Units by a director aligns her interests with those of the shareholders.
• The Deferred Compensation Plan allows directors to defer compensation and receive it in the form of company stock, potentially incentivizing long-term value creation.

Future Outlook

The Phantom Stock Units will be payable in shares of common stock upon the termination of the Reporting Person's service on the Company's Board of Directors.

Industry Context

Directors often receive stock-based compensation to align their interests with shareholders. Deferred compensation plans are a common way to provide this compensation, allowing directors to defer income and receive it in the form of company stock at a later date.

Stakeholder Impact

• The acquisition of Phantom Stock Units by a director aligns her interests with those of the shareholders, potentially incentivizing long-term value creation.

Key Dates