Form 4: EnerSys Director Steven M. Fludder Acquires Shares Through Deferred Compensation Plan
SEC Form 4
Director Steven M. Fludder acquired EnerSys common stock through a deferred compensation plan and matching contributions, increasing his holdings.
Summary
- On April 10, 2025, Steven M. Fludder, a director of EnerSys, acquired 398 shares of common stock at $81.03 per share in lieu of cash fees through the EnerSys Voluntary Deferred Compensation Plan for Non-Employee Directors.
- Fludder also received 80 shares as a matching stock unit contribution from EnerSys, valued at $0.00 per share.
- These transactions increased Fludder's total holdings to 18,778.6261 shares of EnerSys common stock.
- The 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.
- Fludder now holds an additional 478 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: 6
Explanation: Neutral sentiment as the transaction is part of a standard compensation plan and doesn't indicate any significant positive or negative outlook.
Positives
- Director's participation in the deferred compensation plan demonstrates confidence in the company's future.
- Matching stock unit contribution from EnerSys is a positive incentive for directors.
- Increased holdings align director's interests with those of shareholders.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedule for the matching stock units extends into 2026.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects; however, in this case, the transaction is part of a standard deferred compensation plan.
Related Party Transactions
- The receipt of stock units in lieu of cash fees and the matching stock unit contribution are related party transactions.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is part of a director's compensation package.
Key Dates
| Date | Description |
|---|---|
| 04/10/2025 | Date of stock acquisition and matching stock unit contribution |
| 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 | Final vesting date (25%) for matching stock units |
| 04/14/2025 | Date of signature by Power of Attorney |
Keywords
EnerSys, Director, Stock Acquisition, Deferred Compensation Plan, Form 4, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.