Form 4: EnerSys Executive Uplinger Receives Stock Units Following Dividend Payment
SEC Form 4 Filing
Chad C. Uplinger, Pres. of Motive Power Global at EnerSys, reports the acquisition of stock units related to previously granted restricted stock units (RSUs) following a cash dividend payment.
Summary
- On March 28, 2025, Chad C. Uplinger, President of Motive Power Global at EnerSys, acquired additional shares of common stock in the form of Restricted Stock Units (RSUs).
- These RSUs were granted in connection with a cash dividend paid to stockholders of record as of March 14, 2025.
- The RSUs relate to previously unvested RSUs granted on August 16, 2021 (1.8137 shares), August 12, 2022 (5.1258 shares), August 11, 2023 (5.0849 shares), and August 9, 2024 (13.7689 shares), adjusted for prior cash dividends.
- Following the reported transactions, Uplinger beneficially owns 17,250.4545 shares of EnerSys common stock directly.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment with shareholder interests. The sentiment is neutral to slightly positive.
Positives
- The granting of RSUs in connection with dividends aligns executive compensation with shareholder returns.
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.
Comparison to Industry Standards
- EnerSys's executive compensation practices, including the use of RSUs, are generally in line with industry standards for publicly traded companies of similar size and scope.
- Companies like Exide Technologies (prior to its restructuring) and Clarios (private) also utilized stock-based compensation for their executives.
- Comparing EnerSys's RSU grants to those of competitors would require a deeper analysis of their compensation packages and performance metrics.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning executive interests with dividend payouts.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | Date of initial RSU grant related to 1.8137 shares. |
| 08/12/2022 | Date of initial RSU grant related to 5.1258 shares. |
| 08/11/2023 | Date of initial RSU grant related to 5.0849 shares. |
| 08/09/2024 | Date of initial RSU grant related to 13.7689 shares. |
| 03/14/2025 | Record date for the cash dividend. |
| 03/28/2025 | Transaction date for the acquisition of RSUs. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
EnerSys, Uplinger, RSU, Restricted Stock Units, Dividend, Beneficial Ownership, Form 4, Executive Compensation
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