Form 4: EnerSys Executive Forfeits Shares to Cover Restricted Stock Unit Vesting
SEC Form 4 Filing
Shawn M. O'Connell, President of Energy Systems Global at EnerSys, forfeited shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On August 16, 2024, Shawn M. O'Connell, President of Energy Systems Global at EnerSys, forfeited 523.267 shares of common stock at a price of $96.46 per share to cover taxes related to vesting of Restricted Stock Units granted on August 16, 2021.
- On August 17, 2024, O'Connell forfeited 642.3352 shares of common stock at a price of $95.56 per share to cover taxes related to vesting of Restricted Stock Units granted on August 17, 2020.
- Following these transactions, O'Connell beneficially owns 37,274.2485 shares of EnerSys common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | Date of grant for Restricted Stock Units related to the August 16, 2024 forfeiture. |
| 08/17/2020 | Date of grant for Restricted Stock Units related to the August 17, 2024 forfeiture. |
| 08/16/2024 | Date of forfeiture of 523.267 shares. |
| 08/17/2024 | Date of forfeiture of 642.3352 shares. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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