Form 4: EnerSys Director Caroline Chan Receives Deferred Stock Units as Dividend Equivalent
SEC Form 4
Director Caroline Chan acquired deferred stock units (DSUs) from EnerSys as an equivalent to the cash dividend paid to stockholders.
Summary
- On March 29, 2024, EnerSys director Caroline Chan acquired 26.9168 deferred stock units (DSUs) as an equivalent to the cash dividend paid to stockholders of record as of March 15, 2024.
- These DSUs relate to 11,080 vested DSUs previously granted to Ms. Chan and are payable concurrent with the underlying DSUs.
- Following the transaction, Ms. Chan beneficially owns 11,336.1564 shares of EnerSys common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating normal business operations. The sentiment is neutral to slightly positive as it reflects continued investment in the company by a director.
Industry Context
This is a routine disclosure related to director compensation and dividend equivalents, common practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with those of shareholders through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Record date for cash dividend |
| 03/29/2024 | Transaction date for DSU acquisition |
| 03/29/2024 | Cash dividend payment date |
| 04/02/2024 | Date of Form 4 filing |
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