Form 4: EnerSys Director Ronald P. Vargo Reports Changes in Beneficial Ownership Due to Dividend
SEC Form 4
Director Ronald P. Vargo reports changes in beneficial ownership of EnerSys common stock due to the granting of stock units related to a cash dividend.
Summary
- Ronald P. Vargo, a director at EnerSys, reported changes in his beneficial ownership of EnerSys common stock on September 30, 2024.
- The changes are due to the granting of Deferred Stock Units (DSUs) and Restricted Stock Units (RSUs) in connection with a cash dividend paid on September 30, 2024, to stockholders of record as of September 16, 2024.
- These stock units were granted with respect to both vested and unvested DSUs and RSUs previously granted to Vargo under the EnerSys Deferred Compensation Plan for Non-Employee Directors.
- Following the reported transactions, Vargo beneficially owns 32,448.5807 shares of EnerSys common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and dividend payouts, common in publicly traded companies.
Stakeholder Impact
- The granting of stock units as part of the dividend payout could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| September 16, 2024 | Record date for the cash dividend. |
| September 30, 2024 | Date of transaction (granting of DSUs and RSUs) and payment of cash dividend. |
| October 02, 2024 | Date of signature on the Form 4 filing. |
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