Form 4: EnerSys Director Ronald P. Vargo Reports Stock Unit Acquisition

Director Ronald P. Vargo acquired stock units in EnerSys through a deferred compensation plan and a matching contribution.

Summary

• On April 26, 2024, EnerSys Director Ronald P. Vargo acquired 96 stock units in lieu of cash fees through the EnerSys Voluntary Deferred Compensation Plan for Non-Employee Directors at a price of $91.28 per unit.
• Additionally, Mr. Vargo received 19 matching stock units from EnerSys in the same plan.
• These matching units vest in four installments: July 26, 2024, October 26, 2024, January 26, 2025, and April 26, 2025, subject to acceleration or cancellation under certain conditions.
• Following these transactions, Mr. Vargo holds an additional 115 stock units in the Plan, each representing the right to receive one share of EnerSys common stock upon termination as defined in the Plan.
• After the reported transactions, Mr. Vargo beneficially owns 30,181.8714 shares of EnerSys common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders.

Positives

• The director's participation in the deferred compensation plan demonstrates confidence in the company's future performance.
• The matching stock unit contribution from EnerSys incentivizes the director to remain engaged with the company.

Future Outlook

The matching stock units vest over the next year, incentivizing continued engagement from the director.

Industry Context

Directors receiving stock units as part of their compensation is a common practice in publicly traded companies, aligning their interests with those of shareholders.

Stakeholder Impact

• The acquisition of stock units by a director can be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates