4/A: EnerSys Director Paul J. Tufano Amends Form 4 Filing to Correctly Report Stock Unit Acquisition
SEC Form 4/A
Paul J. Tufano, a director at EnerSys, amended a previous Form 4 filing to correct the number of stock units acquired and to report a matching stock unit contribution by EnerSys.
Summary
- Paul J. Tufano, a director of EnerSys, filed an amended Form 4 to correct a clerical error in the original filing regarding the acquisition of stock units.
- The amended filing reports the acquisition of 509 stock units in lieu of cash fees under the EnerSys Voluntary Deferred Compensation Plan for Non-Employee Directors at a price of $81.03 per unit on April 10, 2025.
- The filing also includes a report of 102 matching stock units contributed by EnerSys to Tufano's account in the Plan on April 10, 2025.
- These matching stock units vest 25% on each of July 10, 2025, October 10, 2025, January 10, 2026, and April 10, 2026, subject to acceleration or cancellation upon certain events.
- Following the reported transactions, Tufano beneficially owns 45,467.0939 shares of EnerSys common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard compensation practices. The correction of a clerical error is a positive sign of attention to detail.
Future Outlook
The matching stock units will vest over the next year, subject to acceleration or cancellation upon certain events.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.
Related Party Transactions
- The acquisition of stock units in lieu of cash fees and the matching stock unit contribution by EnerSys are related-party transactions.
Stakeholder Impact
- The transactions affect the director's ownership stake in the company, which is of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/10/2025 | Acquisition of 509 stock units and 102 matching stock units. |
| 04/14/2025 | Date of original Form 4 filing. |
| 04/17/2025 | Date of amended Form 4 filing. |
| 07/10/2025 | First vesting date (25%) for matching stock units. |
| 10/10/2025 | Second vesting date (25%) for matching stock units. |
| 01/10/2026 | Third vesting date (25%) for matching stock units. |
| 04/10/2026 | Fourth vesting date (25%) for matching stock units. |
Keywords
Form 4, EnerSys, Director, Stock Units, Beneficial Ownership, Deferred Compensation Plan
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