Form 4: EnerSys EVP Andrea J. Funk Receives Stock Units Following Dividend Payment

Andrea J. Funk, EVP & Chief Financial Officer of EnerSys, reports the acquisition of stock units related to a cash dividend paid on September 30, 2024, on previously granted restricted stock units (RSUs).

Summary

• On September 30, 2024, Andrea J. Funk, EVP & Chief Financial Officer of EnerSys, acquired additional shares 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 September 16, 2024.
• The RSUs relate to previously unvested RSUs granted on August 16, 2021 (3.2884 shares), August 12, 2022 (10.5447 shares), August 11, 2023 (11.7319 shares), and August 9, 2024 (17.7903 shares).
• Following these transactions, Funk directly owns 31,542.3804 shares of EnerSys common stock.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (dividend-related RSU grant) with a slightly positive sentiment due to the alignment of executive and shareholder interests.

Positives

• The acquisition of RSUs due to the dividend payment does not represent an outlay of capital by the reporting person.
• The increased shareholding reflects a continued alignment of the executive's interests with those of the shareholders.

Future Outlook

The RSUs will vest and are payable concurrent with the underlying RSUs, suggesting a future increase in the number of shares held by the reporting person as the original RSUs vest.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects the company's policy of granting stock-based compensation and paying dividends.

Comparison to Industry Standards

• Stock-based compensation, including RSUs, is a common practice among publicly traded companies to align executive interests with shareholder value.
• Dividend payments and the subsequent granting of additional RSUs to compensate for the dividend on unvested shares are also relatively standard practices.
• Companies like Tesla, Apple, and Microsoft also use stock-based compensation as part of their overall compensation strategy.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with dividend payouts.

Next Steps

• The RSUs will vest and become payable according to the vesting schedules of the underlying RSUs.

Key Dates