Form 4: Chad Uplinger forfeits 434.0571 RSUs at $95.39; ENS holding disclosed
Rhea-AI Filing Summary
EnerSys insider Chad C. Uplinger reported the forfeiture of 434.0571 shares on 08/12/2025 related to Restricted Stock Units that vested on August 12, 2022. The Form 4 lists the transaction code F and a price of $95.39 per share (used for reporting purposes), and shows the reporting person holds 21,497.6511 shares following the disposition. The filing states the forfeiture was connected to the vesting of RSUs originally granted on August 12, 2022. The Form 4 was signed by John Yarbrough by power of attorney on 08/14/2025.
Positive
- Remaining beneficial ownership disclosed: Reporting person holds 21,497.6511 shares after the transaction
- Transparent filing: Transaction uses correct Form 4 reporting with explanation linking the forfeiture to RSUs granted 08/12/2022
Negative
- Forfeiture of equity: 434.0571 shares were forfeited, reducing previously held RSUs
- Limited detail on cause: Filing states forfeiture was connected to vesting but does not specify whether due to tax withholding, clawback, or other administrative reason
Insights
TL;DR: A routine forfeiture of vested RSUs was reported; disclosure is procedural and not clearly material to shareholders.
The Form 4 discloses a forfeiture (transaction code F) of 434.0571 shares by Chad C. Uplinger, an officer and director. Forfeitures tied to equity awards often reflect tax/administrative adjustments or clawback/repurchase conditions rather than open-market selling. The remaining beneficial ownership of 21,497.6511 shares is explicitly stated, providing transparency on insider holdings. No indication of unusual trading, change in control, or material corporate event is present in the filing. Impact is thus likely neutral from a governance perspective.
TL;DR: The entry documents an RSU forfeiture tied to a 2022 grant; this appears to be an administrative compensation adjustment.
The explanation notes the forfeiture related to RSUs granted August 12, 2022, and the filing shows the mechanics: Code F, 434.0571 shares, and a $95.39 reporting price. Such forfeitures can result from tax withholdings at vesting, clawbacks, or the company reclaiming shares under plan rules. The Form does not describe the reason beyond the vesting connection, so the specific compensation mechanism remains unspecified in the filing.