Form 4: EnerSys Director Chung Hwan-Yoon Reports Changes in Beneficial Ownership

Director Chung Hwan-Yoon reports acquisition of Deferred Stock Units (DSUs) and adjustments to common stock holdings due to a cash dividend.

Summary

• On June 28, 2024, Director Chung Hwan-Yoon acquired Deferred Stock Units (DSUs) related to a cash dividend paid to stockholders of record as of June 14, 2024.
• The director received 86.5908 DSUs in connection with the cash dividend paid on June 28, 2024, related to 37,317 vested DSUs.
• The director's holdings of common stock were adjusted to 39,926.0314 shares.
• The reporting person disclaims beneficial ownership of 4,976.5417 shares except to the extent ultimately realized.

Sentiment

Score: 7

Explanation: The sentiment is neutral as the filing reflects routine transactions related to director compensation and dividend payouts. There are no indications of positive or negative events.

Positives

• The acquisition of DSUs indicates continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders.

Key Dates