Form 4: EnerSys CEO David M. Shaffer Receives Stock Units Following Dividend Payment
SEC Form 4
EnerSys CEO David M. Shaffer received additional restricted stock units (RSUs) on March 28, 2025, related to a cash dividend payment on unvested RSUs.
Summary
- David M. Shaffer, CEO of EnerSys, received additional shares of common stock in the form of Restricted Stock Units (RSUs) on March 28, 2025.
- These RSUs were granted in connection with a cash dividend paid to stockholders of record as of March 14, 2025.
- The RSUs relate to previously granted unvested RSUs from August 2021, August 2022, August 2023 and August 2024.
- A total of 155.20 shares were granted in connection to the dividend.
- Following the transaction, Shaffer directly owns 77,285.3076 shares of EnerSys common stock and indirectly owns 1 share through his spouse.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices and alignment with shareholder interests through dividend payments on RSUs.
Positives
- The receipt of RSUs due to dividend payments on existing unvested RSUs suggests a continued investment in the company's leadership.
Future Outlook
The RSUs will vest and are payable concurrent with the underlying RSUs, indicating a future transfer of shares to the CEO as the original grants vest.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects the company's policy of granting RSUs and paying dividends, which impacts executive holdings.
Comparison to Industry Standards
- Executive compensation packages often include RSUs as a way to align management's interests with those of shareholders.
- Dividend payments on unvested RSUs are a fairly standard practice to ensure executives receive the same benefits as other shareholders.
- Companies like Tesla, Apple, and Microsoft also use stock-based compensation as a key component of their executive pay packages.
Stakeholder Impact
- Shareholders may view the dividend payment and related RSU grants as a positive sign of the company's financial health and commitment to rewarding its executives.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | 6,351 unvested RSUs granted to the reporting person. |
| 08/12/2022 | 18,429 unvested RSUs granted to the reporting person. |
| 08/11/2023 | 20,985 unvested RSUs granted to the reporting person. |
| 08/09/2024 | 30,223 unvested RSUs granted to the reporting person. |
| 03/14/2025 | Record date for the cash dividend. |
| 03/28/2025 | Transaction date: Grant of RSUs in connection with the cash dividend. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
EnerSys, David M. Shaffer, CEO, Restricted Stock Units, RSUs, Dividend, Beneficial Ownership, Form 4
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