Form 4: EnerSys CEO David Shaffer Forfeits Shares to Cover Restricted Stock Unit Vesting
SEC Form 4 Filing
EnerSys CEO David Shaffer forfeited shares on August 16 and 17, 2024, to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
Summary
- EnerSys CEO David M. Shaffer forfeited shares of common stock on August 16 and 17, 2024, to satisfy tax obligations related to the vesting of Restricted Stock Units.
- On August 16, 2024, 2,842.3897 shares were forfeited at a price of $96.46 per share.
- On August 17, 2024, 3,141.2805 shares were forfeited at a price of $95.56 per share.
- Following these transactions, Shaffer directly owns 246,540.0056 shares of EnerSys common stock.
Sentiment
Score: 7
Explanation: This Form 4 filing reflects routine transactions related to executive compensation. It doesn't indicate any fundamental changes in the company's financial health or prospects. The sentiment is neutral to slightly positive as it confirms the vesting of previously granted stock awards.
Industry Context
This is a standard procedure for executives receiving stock-based compensation. The forfeiture of shares covers the tax obligations associated with the vesting of RSUs, a common practice in publicly traded companies.
Stakeholder Impact
- The forfeiture of shares has a minimal impact on existing shareholders, as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | Date of Restricted Stock Units granted to the reporting person related to the August 16, 2024 forfeiture. |
| 08/17/2020 | Date of Restricted Stock Units granted to the reporting person related to the August 17, 2024 forfeiture. |
| 08/16/2024 | Date of share forfeiture related to vesting of Restricted Stock Units. |
| 08/17/2024 | Date of share forfeiture related to vesting of Restricted Stock Units. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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