Form 4: EnerSys Executive Forfeits Shares to Cover Tax Obligations Upon RSU Vesting
SEC Form 4
Joern Tinnemeyer, Sr. VP & CTO of EnerSys, forfeited shares to cover tax obligations related to the vesting of Restricted Stock Units (RSUs) on August 16 and 17, 2024.
Summary
- Joern Tinnemeyer, a Senior Vice President & CTO at EnerSys, reported the forfeiture of shares to cover tax obligations.
- The transactions occurred on August 16 and 17, 2024, related to the vesting of Restricted Stock Units (RSUs).
- On August 16, 2024, 341.7599 shares were forfeited at a price of $96.46 per share.
- On August 17, 2024, 576.3613 shares were forfeited at a price of $95.56 per share.
- Following these transactions, Tinnemeyer directly owns 27,567.5653 shares of EnerSys common stock.
Sentiment
Score: 5
Explanation: This is a neutral event; it's a standard procedure for covering tax obligations on vested stock.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to forfeit shares to cover tax obligations when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | Date of Restricted Stock Units granted to the reporting person related to the August 16, 2024 forfeiture. |
| 08/17/2020 | Date of Restricted Stock Units granted to the reporting person related to the August 17, 2024 forfeiture. |
| 08/16/2024 | Date of share forfeiture related to RSU vesting. |
| 08/17/2024 | Date of share forfeiture related to RSU vesting. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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