Form 4: EnerSys CEO David M. Shaffer Executes Stock Option and Sells Shares
SEC Form 4
EnerSys CEO David M. Shaffer exercised stock options and sold shares of common stock on February 12, 2025.
Summary
- On February 12, 2025, David M. Shaffer, CEO of EnerSys, exercised stock options to acquire 15,662 shares of common stock at a price of $68.4 per share.
- Simultaneously, Shaffer sold 15,662 shares of EnerSys common stock at a weighted average price of $100.1776, with individual sales ranging from $100.00 to $100.485.
- Following these transactions, Shaffer directly owns 77,086.1099 shares of EnerSys common stock.
- Shaffer also has indirect ownership through a spouse and irrevocable trusts for adult children, each holding 64,917 shares.
- The stock options exercised were granted previously and vested in tranches, becoming fully vested on May 12, 2018.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 05/12/2018 | Stock options fully vested |
| 02/12/2025 | Transaction Date: Exercise of stock options and sale of shares |
| 02/14/2025 | Date of Form 4 filing |
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