Form 4: EnerSys President & CEO David M. Shaffer Executes Stock Options and Disposes of Shares
SEC Form 4
David M. Shaffer, President & CEO of EnerSys, exercised stock options and disposed of shares on April 8, 2024.
Summary
- On April 8, 2024, David M. Shaffer, the President & CEO of EnerSys, executed stock options to acquire 6,456 shares of common stock at a price of $69.85 per share.
- Simultaneously, Shaffer disposed of 5,599 shares at $91.32 per share to cover tax obligations.
- Following these transactions, Shaffer directly owns 229,287.0879 shares of EnerSys common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/12/2017 | Original date of stock options that were exercised |
| 04/08/2024 | Date of stock option exercise and share disposal |
| 04/10/2024 | Date of signature on the Form 4 filing |
| 05/12/2024 | Expiration date of stock options that were exercised |
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