Form 4: EnerSys Director Tamara Morytko Receives Dividend-Related Stock Units
SEC Form 4 Filing
Director Tamara Morytko acquired additional EnerSys common stock in the form of Deferred Stock Units (DSUs) and Restricted Stock Units (RSUs) related to a cash dividend.
Summary
- On March 28, 2025, Tamara Morytko, a director of EnerSys, acquired additional shares of common stock.
- The acquisitions were in the form of Deferred Stock Units (DSUs) and Restricted Stock Units (RSUs) related to a cash dividend paid on that date.
- The dividend was paid to stockholders of record as of March 14, 2025.
- Ms. Morytko received 10.548 DSUs related to vested DSUs, and 6.2206 RSUs related to vested RSUs under the EnerSys Deferred Compensation Plan for Non-Employee Directors.
- She also received RSUs related to unvested RSUs granted on April 26, 2024 (0.0364 shares), July 12, 2024 (0.0649 shares), October 18, 2024 (0.0959 shares), and January 10, 2025 (0.1473 shares).
- All these DSUs and RSUs are vested and payable concurrent with the underlying DSUs/RSUs.
- Following these transactions, Ms. Morytko beneficially owns 6,639.2574 shares of EnerSys common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive as it aligns director interests with shareholders.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
This is a routine disclosure related to executive compensation and dividend payments, common in publicly traded companies.
Comparison to Industry Standards
- Stock grants and dividend equivalents are standard compensation practices for directors in publicly traded companies like EnerSys.
- Companies such as Johnson Controls and Exide Technologies, which operate in similar industries, also utilize stock-based compensation for their board members.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Record date for the cash dividend. |
| 03/28/2025 | Transaction date for the acquisition of DSUs and RSUs. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
| 04/26/2024 | Date of grant for some of the unvested RSUs. |
| 07/12/2024 | Date of grant for some of the unvested RSUs. |
| 10/18/2024 | Date of grant for some of the unvested RSUs. |
| 01/10/2025 | Date of grant for some of the unvested RSUs. |
Keywords
EnerSys, Director, Tamara Morytko, DSU, RSU, Dividend, Stock Units, Beneficial Ownership, Form 4
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