Form 4: EnerSys EVP Andrea J. Funk Reports Forfeiture of Shares Upon RSU Vesting
SEC Form 4 Filing
Andrea J. Funk, EVP & Chief Financial Officer of EnerSys, reported the forfeiture of shares related to the vesting of Restricted Stock Units (RSUs) on August 16 and 17, 2024.
Summary
- Andrea J. Funk, the EVP & Chief Financial Officer of EnerSys, filed a Form 4 detailing changes in beneficial ownership.
- On August 16, 2024, 597.0941 shares of common stock were forfeited at a price of $96.46 per share in connection with the vesting of Restricted Stock Units (RSUs) granted on August 16, 2021.
- On August 17, 2024, 419.4176 shares of common stock were forfeited at a price of $95.56 per share in connection with the vesting of Restricted Stock Units (RSUs) granted on August 17, 2020.
- Following these transactions, Funk directly owns 31,499.0251 shares of EnerSys common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions related to executive compensation; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Stakeholder Impact
- The forfeiture of shares has a negligible impact on shareholders as it is a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/17/2020 | Date of RSU grant related to the forfeiture of shares on August 17, 2024. |
| 08/16/2021 | Date of RSU grant related to the forfeiture of shares on August 16, 2024. |
| 08/16/2024 | Date of forfeiture of 597.0941 shares of common stock. |
| 08/17/2024 | Date of forfeiture of 419.4176 shares of common stock. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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