Form 4: EnerSys Director Rudolph W. Wynter Acquires Shares Through Deferred Compensation Plan
SEC Form 4
Director Rudolph W. Wynter acquired shares of EnerSys common stock through the company's Voluntary Deferred Compensation Plan for Non-Employee Directors.
Summary
- On January 10, 2025, EnerSys director Rudolph W. Wynter acquired 343 shares of common stock at $89.62 per share in lieu of cash fees through the EnerSys Voluntary Deferred Compensation Plan for Non-Employee Directors.
- Wynter also received 69 matching stock units from EnerSys in the Plan.
- These matching stock units vest 25% on each of April 10, 2025, July 10, 2025, October 10, 2025, and January 10, 2026, subject to acceleration or cancellation upon certain events.
- Following these transactions, Wynter beneficially owns 11,011.9801 shares of EnerSys common stock and has an additional 412 stock units in the Plan, each representing a right to receive one share of EnerSys common stock upon termination as defined in the Plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which is generally seen as a good sign.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Future Outlook
The matching stock units vest over the course of the year, subject to acceleration or cancellation upon certain events.
Industry Context
Directors often receive stock as part of their compensation, aligning their interests with those of shareholders.
Related Party Transactions
- The stock units received as part of the EnerSys Voluntary Deferred Compensation Plan for Non-Employee Directors are considered related party transactions.
Stakeholder Impact
- The acquisition of shares by a director can positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Date of stock acquisition and matching stock unit contribution |
| 04/10/2025 | First vesting date (25%) for matching stock units |
| 07/10/2025 | Second vesting date (25%) for matching stock units |
| 10/10/2025 | Third vesting date (25%) for matching stock units |
| 01/10/2026 | Final vesting date (25%) for matching stock units |
| 01/14/2025 | Date of signature by Power of Attorney |
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