Form 4: EnerSys Director David C. Habiger Acquires Shares Through Deferred Compensation Plan

Director David C. Habiger acquired 361 shares of EnerSys stock through the company's deferred compensation plan, including both stock units in lieu of cash fees and matching contributions.

Summary

• David C. Habiger, a director at EnerSys, acquired 301 shares of common stock on January 10, 2025, as part of the company's Voluntary Deferred Compensation Plan for Non-Employee Directors.
• These 301 shares were received in lieu of cash fees and vested immediately.
• Additionally, Mr. Habiger received 60 matching stock units from EnerSys, also on January 10, 2025.
• These matching stock units vest in four equal installments on April 10, 2025, July 10, 2025, October 10, 2025, and January 10, 2026.
• The vesting of these matching stock units is subject to acceleration or cancellation under certain circumstances.
• As a result of these transactions, Mr. Habiger now holds an additional 361 stock units in the plan, each representing a right to receive one share of EnerSys common stock upon termination of service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally positive as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of a deferred compensation plan aligns director interests with long-term company performance.
• The matching stock unit contribution from EnerSys is a positive incentive for directors.

Risks

• The vesting of the matching stock units is subject to acceleration or cancellation, which could impact the director's holdings.
• The value of the stock units is tied to the performance of EnerSys common stock, which is subject to market fluctuations.

Future Outlook

The director's stock units will vest over time, with the final vesting date on January 10, 2026, and will be payable upon termination of service.

Industry Context

This type of stock acquisition through deferred compensation plans is common practice for directors of publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Deferred compensation plans are a standard practice for compensating non-employee directors in publicly traded companies.
• Many companies use a combination of cash and stock-based compensation to attract and retain qualified board members.
• The vesting schedule of the matching stock units is typical, with vesting occurring over a period of time to incentivize long-term commitment.

Stakeholder Impact

• The stock acquisition by a director can be viewed positively by shareholders, indicating confidence in the company's future.
• The deferred compensation plan aligns the director's interests with the long-term performance of the company, which is beneficial for shareholders.

Key Dates

Keywords

EnerSys, Director, Stock Acquisition, Deferred Compensation, Stock Units, Vesting, Share Ownership, ENS