Form 4: EnerSys Executive Mark E. Matthews Reports Stock Forfeiture Due to RSU Vesting
SEC Form 4
Mark E. Matthews, President, Specialty Global at EnerSys, reports the forfeiture of shares related to the vesting of Restricted Stock Units (RSUs).
Summary
- On August 16, 2024, Mark E. Matthews, President, Specialty Global at EnerSys, forfeited 245.1026 shares of common stock at a price of $96.46 per share due to the vesting of Restricted Stock Units (RSUs) granted on August 16, 2021.
- On August 17, 2024, Mr. Matthews forfeited 296.4176 shares of common stock at a price of $95.56 per share due to the vesting of Restricted Stock Units (RSUs) granted on August 17, 2020.
- Following these transactions, Mr. Matthews beneficially owns 16,791.0672 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 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
| Date | Description |
|---|---|
| 08/16/2021 | Date of Restricted Stock Units granted related to the forfeiture on 08/16/2024 |
| 08/17/2020 | Date of Restricted Stock Units granted related to the forfeiture on 08/17/2024 |
| 08/16/2024 | Date of stock forfeiture related to RSU vesting |
| 08/17/2024 | Date of stock forfeiture related to RSU vesting |
| 08/20/2024 | Date of report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.