Form 4: Energizer Holdings Director Rebecca Frankiewicz Reports Stock Unit Acquisition

Director Rebecca Frankiewicz reports acquisition of phantom stock units and restricted stock units in Energizer Holdings' deferred compensation plan.

Summary

• Rebecca Frankiewicz, a director of Energizer Holdings, reported changes in beneficial ownership.
• On December 31, 2024, she acquired 359 phantom stock units in the company's deferred compensation plan, equivalent to common stock at $34.89 per unit.
• Following this transaction, she directly owns 12,755 phantom stock units.
• On January 2, 2025, she acquired 4,335 restricted stock units (RSUs) which convert into common stock on a one-for-one basis.
• These RSUs vest and convert into shares one year from the grant date, unless conversion is deferred until retirement.
• She directly owns 4,335 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to director compensation. There is no indication of positive or negative news impacting the company's outlook.

Positives

• The acquisition of stock units by a director may signal confidence in the company's future performance.

Future Outlook

The RSUs vest and convert into shares one year from the date of grant unless the 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

This filing is a routine disclosure related to executive compensation and is common among publicly traded companies. It reflects standard practices for incentivizing and retaining board members.

Comparison to Industry Standards

• Executive compensation packages including stock options and restricted stock units are standard practice among publicly listed companies such as Procter & Gamble (PG), Clorox (CLX), and Church & Dwight (CHD).
• The vesting schedules and terms described are typical for RSU grants.
• The use of a deferred compensation plan is also a common practice to allow executives to defer income and potentially reduce their current tax burden.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.

Key Dates