Form 4: EnerSys Director Receives Deferred Stock Units as Dividend Equivalent

Director Caroline Chan received 31.4617 deferred stock units (DSUs) from EnerSys as an equivalent to the cash dividend paid on September 30, 2024, related to previously granted vested DSUs.

Summary

• On September 30, 2024, EnerSys director Caroline Chan acquired 31.4617 shares of common stock in the form of Deferred Stock Units (DSUs).
• These DSUs were granted as an equivalent to the cash dividend paid to stockholders of record as of September 16, 2024.
• The dividend relates to 13,106 vested DSUs previously granted to Ms. Chan on various dates.
• The acquired DSUs are vested and payable concurrent with the underlying DSUs, increasing Ms. Chan's total holdings to 13,418.2376 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. There is nothing to suggest a negative outlook.

Positives

• The receipt of DSUs as a dividend equivalent is a standard practice for deferred compensation plans.
• The director's continued holding of shares aligns her interests with those of other shareholders.

Industry Context

This is a routine disclosure related to director compensation and dividend equivalents, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard part of director compensation.

Key Dates