Form 4: Energizer Holdings Director Robert Vitale Reports Acquisition of Phantom Stock Units

Director Robert V. Vitale reports the acquisition of phantom stock units in Energizer Holdings' Deferred Compensation Plan.

Summary

• Robert V. Vitale, a director of Energizer Holdings, Inc., filed a Form 4 on October 2, 2024, reporting a transaction that occurred on September 30, 2024.
• The transaction involved the acquisition of 945 phantom stock units in Energizer's Deferred Compensation Plan.
• These units are the economic equivalent of common stock and were acquired at a price of $31.76 per unit.
• Following the transaction, Vitale directly owns 22,320 phantom stock units.
• Vitale has also authorized Benjamin J. Angelette, Kathryn A. Dugan, Emily Faber-Densley and Alisa Diakova to sign and file Forms 3, 4 and 5 on his behalf, effective August 13, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company, which is generally a good sign. However, it's a routine transaction.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Future Outlook

The phantom stock units are 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 options or units as part of their compensation, aligning their interests with those of shareholders. This transaction reflects a standard practice in corporate governance.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to incentivize performance and align interests with shareholders, similar to practices at companies like Procter & Gamble (PG) and Clorox (CLX).
• The vesting and payout terms of these units are typically structured to encourage long-term commitment, which is a common feature in executive compensation plans across the consumer goods industry.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence.

Key Dates