Form 4: EnerSys CFO Receives Dividend-Equivalent RSUs

EnerSys EVP and CFO Andrea J. Funk received additional Restricted Stock Units on December 26, 2025, as dividend equivalents on her unvested RSU holdings.

Summary

• Andrea J. Funk, Executive Vice President and Chief Financial Officer of EnerSys (ENS), acquired a total of 72.1019 shares of Common Stock.
• These shares were granted in the form of Restricted Stock Units (RSUs) as dividend equivalents in connection with a cash dividend paid on December 26, 2025.
• The dividend was paid to stockholders of record as of December 12, 2025.
• The RSUs were granted with respect to various tranches of previously unvested RSUs held by Ms. Funk, totaling 40,409 underlying unvested RSUs.
• The specific grants were: 3.9715 shares on 2,228 unvested RSUs (granted 08/12/2022), 5.891 shares on 3,305 unvested RSUs (granted 08/11/2023), 10.0503 shares on 5,638 unvested RSUs (granted 08/09/2024), 33.4977 shares on 18,792 unvested RSUs (granted 05/23/2025), and 18.6914 shares on 10,486 unvested RSUs (granted 08/08/2025).
• These newly granted RSUs will vest and become payable concurrently with their respective underlying RSUs.
• Following these transactions, Ms. Funk beneficially owns a total of 58,270.1019 shares of EnerSys Common Stock.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates increased insider ownership and alignment with shareholders through a routine, expected compensation mechanism.

Positives

• The grant of dividend-equivalent RSUs increases the executive's total beneficial ownership in EnerSys, further aligning her interests with those of shareholders.
• This mechanism ensures that executives holding unvested equity awards participate in dividend distributions, maintaining the value of their long-term incentives.

Future Outlook

The newly granted dividend-equivalent RSUs will vest and become payable concurrently with the underlying unvested RSUs to which they relate, aligning with the company's existing equity compensation plan schedules.

Industry Context

The practice of granting dividend-equivalent units on unvested Restricted Stock Units is a common feature in executive compensation plans across various industries. It ensures that equity award holders receive the economic benefit of dividends, maintaining the intended value of their long-term incentives and aligning their interests with those of common shareholders.

Comparison to Industry Standards

• The grant of dividend-equivalent RSUs is a standard practice in executive compensation, consistent with programs at many publicly traded companies, including peers in the industrial technology and energy storage sectors.
• This approach is designed to maintain the economic value of unvested equity awards, similar to how companies like Johnson Controls (JCI) or Eaton Corporation (ETN) might structure their long-term incentive plans to account for dividends.

Stakeholder Impact

• Shareholders: The transaction reflects a standard component of executive compensation, aligning executive interests with shareholder returns through increased equity ownership.
• Employees: This filing specifically pertains to an executive's equity awards and does not directly impact the broader employee base, though similar RSU programs may exist for other employees.

Next Steps

• The dividend-equivalent RSUs will vest and become payable in accordance with the vesting schedules of the underlying RSUs to which they relate.

Key Dates

Keywords

EnerSys, ENS, Form 4, Restricted Stock Units, RSU, Dividend Equivalents, Executive Compensation, Insider Transaction, Equity Awards