Form 4: EnerSys Executive Mark E. Matthews Reports Acquisition of Shares Through Dividend-Related Restricted Stock Units
SEC Form 4
Mark E. Matthews, President, Specialty Global at EnerSys, reports the acquisition of common stock through dividend-related restricted stock units.
Summary
- Mark E. Matthews, President, Specialty Global at EnerSys, filed a Form 4 detailing changes in beneficial ownership.
- On December 27, 2024, Matthews acquired shares of EnerSys common stock through the granting of Restricted Stock Units (RSUs) related to a cash dividend.
- The RSUs were granted in connection with the cash dividend paid on December 27, 2024, to stockholders of record as of December 13, 2024.
- The RSUs relate to previously granted unvested RSUs from August 2021, August 2022, August 2023 and August 2024.
- Matthews acquired 2.0536 RSUs related to 774 unvested RSUs granted on August 16, 2021.
- He acquired 5.8982 RSUs related to 2,245 unvested RSUs granted on August 12, 2022.
- An additional 6.8553 RSUs were acquired related to 2,633 unvested RSUs granted on August 11, 2023.
- Finally, 10.2591 RSUs were acquired related to 3,977 unvested RSUs granted on August 9, 2024.
- Following these transactions, Matthews directly owns 16,839.4218 shares of EnerSys common stock.
- The RSUs will vest and are payable concurrent with the underlying RSUs.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive is generally a positive sign, indicating confidence in the company. The RSUs are part of a standard compensation package.
Positives
- The acquisition of shares through dividend-related RSUs suggests confidence in the company's performance and dividend policy.
Industry Context
Executive compensation through stock and stock options is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | Date of original RSU grant related to 2.0536 RSUs acquired |
| 08/12/2022 | Date of original RSU grant related to 5.8982 RSUs acquired |
| 08/11/2023 | Date of original RSU grant related to 6.8553 RSUs acquired |
| 08/09/2024 | Date of original RSU grant related to 10.2591 RSUs acquired |
| 12/13/2024 | Record date for the cash dividend |
| 12/27/2024 | Transaction date: Grant of RSUs in connection with the cash dividend |
| 12/31/2024 | Date of Form 4 filing |
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