Form 4: EnerSys EVP Andrea J. Funk Receives Restricted Stock Units Following Cash Dividend
SEC Form 4
Andrea J. Funk, EVP & Chief Financial Officer of EnerSys, reports the acquisition of restricted stock units (RSUs) related to cash dividends paid on unvested RSUs.
Summary
- On March 28, 2025, Andrea J. Funk, EVP & Chief Financial Officer of EnerSys, acquired several tranches of common stock in the form of Restricted Stock Units (RSUs).
- These RSUs were granted in connection with a cash dividend paid to stockholders of record as of March 14, 2025.
- The RSUs relate to previously granted unvested RSUs from August 2021, August 2022, August 2023 and August 2024.
- A total of 31,636.0242 shares are now beneficially owned following the reported transactions.
- The RSUs will vest and are payable concurrent with the underlying RSUs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The granting of RSUs is a routine part of executive compensation and reflects continued investment in the company's leadership. There are no indications of negative performance or concerns.
Positives
- The receipt of RSUs due to dividends on unvested shares suggests a continued investment in the company's leadership.
Industry Context
Executive compensation through stock and stock options is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The granting of RSUs to executives can be viewed positively by shareholders as it aligns management's interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | Date of original grant of 1,334 unvested RSUs related to dividend shares. |
| 08/12/2022 | Date of original grant of 4,320 unvested RSUs related to dividend shares. |
| 08/11/2023 | Date of original grant of 4,850 unvested RSUs related to dividend shares. |
| 08/09/2024 | Date of original grant of 7,423 unvested RSUs related to dividend shares. |
| 03/14/2025 | Record date for the cash dividend. |
| 03/28/2025 | Transaction date for the acquisition of RSUs related to the cash dividend. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
EnerSys, Andrea J. Funk, RSU, Restricted Stock Units, Dividend, Beneficial Ownership, Form 4, Executive Compensation
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