EnerSys (NYSE: ENS) director receives stock unit awards in lieu of cash fees
Rhea-AI Filing Summary
Knausenberger Lauren reported acquisition or exercise transactions in this Form 4 filing.
EnerSys director Lauren Knausenberger reported equity-based compensation in the form of stock units rather than cash fees. She received 136 stock units of EnerSys common stock at $194.61 per unit under the company’s Voluntary Deferred Compensation Plan for Non-Employee Directors.
EnerSys also made a matching contribution of 27 additional stock units to her account. These matching units vest 25% on each of July 13, 2026, October 13, 2026, January 13, 2027 and April 13, 2027. Each stock unit represents a right to receive one EnerSys share upon her Termination as defined in the plan, bringing her direct holdings to 5,463 shares of common stock after these awards.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 136 | $194.61 | $26K |
| Grant/Award | Common Stock | 27 | $0.00 | -- |
Footnotes (1)
- In lieu of receiving cash fees, the reporting person received 136 stock units, which immediately vested, in the EnerSys Voluntary Deferred Compensation Plan for Non-Employee Directors (the "Plan"). This amount reflects a matching stock unit contribution by EnerSys for the reporting person's account in the Plan. The matching stock unit contribution vests 25% on each of July 13, 2026, October 13, 2026, January 13, 2027 and April 13, 2027. Such vesting is subject to acceleration or cancellation upon the occurrence of certain events. As a result of these transactions the reporting person has an additional 27 stock units in the Plan. Each of these stock units represents a right to receive one share of EnerSys common stock and is payable upon the reporting person's Termination, as defined in the Plan.