ENS.NYSEEnersys

Form 4: EnerSys Executive Chad C. Uplinger Reports Forfeiture of Shares Upon RSU Vesting

Sentiment:

SEC Form 4

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Chad C. Uplinger, a Pres., Motive Power Global at EnerSys, reported the forfeiture of shares related to the vesting of Restricted Stock Units (RSUs) on August 16 and 17, 2024.

Summary

  • Chad C. Uplinger, Pres., Motive Power Global at EnerSys, filed a Form 4 on August 20, 2024.
  • The report details the forfeiture of EnerSys common stock due to the vesting of Restricted Stock Units (RSUs).
  • On August 16, 2024, 199.3897 shares were forfeited at a price of $96.46 per share.
  • On August 17, 2024, 240.1154 shares were forfeited at a price of $95.56 per share.
  • Following these transactions, Uplinger directly owns 17,675.2358 shares of EnerSys common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock forfeitures related to RSU vesting, a common practice in executive compensation.

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 to cover taxes has a minor dilutive effect on shareholders.

Key Dates

DateDescription
08/16/2021Date of Restricted Stock Units granted to the reporting person that vested on August 16, 2024.
08/17/2020Date of Restricted Stock Units granted to the reporting person that vested on August 17, 2024.
08/16/2024Forfeiture of 199.3897 shares of common stock due to RSU vesting.
08/17/2024Forfeiture of 240.1154 shares of common stock due to RSU vesting.
08/20/2024Date of Form 4 filing.

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