EnerSys (NYSE: ENS) ties Fisher stock award to EPS up to 300%
Rhea-AI Filing Summary
EnerSys (ENS) reported that officer Keith D. Fisher, President Network & Infrastructure, received equity awards of common stock. He was granted 3,196 Restricted Stock Units that vest one-third on each of August 14, 2027, 2028, and 2029, subject to possible acceleration or forfeiture under specified conditions and the Board-adopted clawback policy. He also received 3,196 performance-based stock units, which will convert into common shares on the third anniversary of grant based on cumulative adjusted EPS versus a target, using a performance adjustment percentage that can range from 0% to 300%, with the reported grant amount reflecting a 100% performance assumption.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,392 shares
Net Buy
2 txns
Insider
Fisher Keith D.
Role
Pres. Network & Infrastructure
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 3,196 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 3,196 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 28,514 shares (Direct)
Footnotes (2)
- F1. These shares were granted as Restricted Stock Units that vest one-third on each of August 14, 2027, August 14, 2028, and August 14, 2029, subject to acceleration or forfeiture in certain specified circumstances, including the terms of the clawback policy adopted by the Board of Directors.
- F2. These shares were granted as performance-based stock units ("PSUs"). Each PSU converts into the number of shares of common stock determined by applying a performance adjustment percentage to the number of units vesting on the third anniversary of the date of grant. The performance adjustment percentage is based on the cumulative adjusted EPS over the three year vesting period relative to a target cumulative adjusted EPS. The minimum performance adjustment percentage is 0% and the maximum performance adjustment percentage is 300%. These shares represent the PSUs granted, assuming a performance adjustment percentage of 100%. These PSUs are subject to acceleration or forfeiture in certain specified circumstances, including pursuant to the terms of the clawback policy adopted by the Board of Directors.
Key Figures
RSUs granted: 3,196 shares
PSUs granted (at 100% performance): 3,196 units
RSU vesting dates: August 14, 2027; 2028; 2029
+2 more
5 metrics
RSUs granted
3,196 shares
Restricted Stock Units granted to Keith D. Fisher on August 14, 2026
PSUs granted (at 100% performance)
3,196 units
Performance-based stock units granted assuming 100% performance adjustment
RSU vesting dates
August 14, 2027; 2028; 2029
One-third of RSUs vest on each specified date
PSU performance range
0% to 300%
Performance adjustment percentage based on cumulative adjusted EPS over three-year period
PSU vesting horizon
3 years
PSUs vest on the third anniversary of the grant date
Key Terms
Restricted Stock Units, performance-based stock units, clawback policy, cumulative adjusted EPS
4 terms
Restricted Stock Units financial
"These shares were granted as Restricted Stock Units that vest one-third on each"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based stock units financial
"These shares were granted as performance-based stock units ("PSUs")."
Performance-based stock units are company promises to deliver shares or cash to employees or executives only if the business hits specific financial or operational goals over a set period. Like a bonus that only pays out when certain milestones are reached, they link pay to company performance and matter to investors because they can dilute the share count, affect reported earnings when they vest, and signal how management is being incentivized.
clawback policy financial
"including the terms of the clawback policy adopted by the Board of Directors."
A clawback policy is a company rule that lets the firm take back pay, bonuses or stock awards from current or former executives if results are later found to be incorrect, misconduct occurred, or targets were missed. It matters to investors because it helps protect the value of their holdings by discouraging risky or fraudulent behavior and ensuring executive rewards reflect real, verified performance—think of it as a return policy for executive pay.
cumulative adjusted EPS financial
"based on the cumulative adjusted EPS over the three year vesting period"
FAQ
What equity awards did EnerSys (ENS) grant to Keith D. Fisher?
EnerSys granted Keith D. Fisher 3,196 Restricted Stock Units and 3,196 performance-based stock units (PSUs). The RSUs vest over three years, while PSU payouts depend on cumulative adjusted EPS performance over a three-year period.
How do the Restricted Stock Units granted by EnerSys (ENS) to Keith Fisher vest?
The 3,196 RSUs granted to Keith Fisher vest in three equal installments on August 14, 2027, 2028, and 2029. Vesting remains subject to potential acceleration or forfeiture, including under the company’s clawback policy.
How are the EnerSys (ENS) performance-based stock units for Keith Fisher determined?
Each PSU granted converts into shares using a performance adjustment percentage based on cumulative adjusted EPS versus a target. The percentage can range from 0% to 300%, with the filed 3,196 PSUs reflecting a 100% performance assumption.
When do Keith Fisher’s EnerSys (ENS) performance-based stock units vest?
Keith Fisher’s PSUs vest and convert into common stock on the third anniversary of the grant date. The actual share payout depends on the cumulative adjusted EPS performance adjustment percentage over the three-year vesting period.
What conditions could affect Keith Fisher’s EnerSys (ENS) RSUs and PSUs?
Both the RSUs and PSUs are subject to acceleration or forfeiture in specified circumstances. These conditions include provisions in the clawback policy adopted by the Board of Directors and other specified terms in the award agreements.
AI-generated analysis. How Rhea-AI works. Not financial advice.