Form 4: EnerSys CEO David M. Shaffer Acquires Additional Shares Through Dividend-Related Restricted Stock Units
SEC Form 4
EnerSys CEO David M. Shaffer reports acquisition of additional company shares through restricted stock units (RSUs) granted in connection with a cash dividend.
Summary
- On December 27, 2024, David M. Shaffer, CEO of EnerSys, acquired additional shares of EnerSys common stock.
- The acquisition was through the granting of Restricted Stock Units (RSUs) in connection with a cash dividend paid to stockholders of record as of December 13, 2024.
- The RSUs vest and are payable concurrent with the underlying RSUs to which they relate.
- Shaffer acquired 16.851 RSUs related to a previous grant of 6,351 unvested RSUs from August 16, 2021.
- He also acquired 48.4178 RSUs related to a previous grant of 18,429 unvested RSUs from August 12, 2022.
- An additional 54.6371 RSUs were acquired related to a previous grant of 20,985 unvested RSUs from August 11, 2023.
- Finally, 77.9638 RSUs were acquired related to a previous grant of 30,223 unvested RSUs from August 9, 2024.
- Following these transactions, Shaffer directly owns 77,086.7099 shares of EnerSys common stock and indirectly owns 129,835 shares through his spouse.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing detailing stock ownership changes. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.
Positives
- The acquisition of shares by the CEO demonstrates confidence in the company's future.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The increased ownership stake of the CEO could be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| August 16, 2021 | Date of original RSU grant related to 16.851 shares acquired on 12/27/2024 |
| August 12, 2022 | Date of original RSU grant related to 48.4178 shares acquired on 12/27/2024 |
| August 11, 2023 | Date of original RSU grant related to 54.6371 shares acquired on 12/27/2024 |
| August 9, 2024 | Date of original RSU grant related to 77.9638 shares acquired on 12/27/2024 |
| December 13, 2024 | Record date for the cash dividend related to the RSU grants. |
| December 27, 2024 | Date of transaction: CEO acquired shares through dividend-related RSUs. |
| December 31, 2024 | Date of Form 4 filing. |
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