Form 4: ENS President granted dividend-equivalent RSUs across 2022–2025 awards

Rhea-AI Filing Summary

EnerSys (ENS) insider reported receipt of RSU dividend equivalents on 09/26/2025. Chad C. Uplinger, President, Motive Power Global and an officer of EnerSys, was granted additional shares in the form of restricted stock units (RSUs) as dividend equivalents related to previously awarded unvested RSUs. The filing shows RSU dividend awards tied to 999 unvested RSUs from 08/12/2022, 1,322 unvested RSUs from 08/11/2023, 4,027 unvested RSUs from 08/09/2024, and 5,243 unvested RSUs from 08/08/2025. These awards were recorded at $0.00 price and are payable or vest concurrent with the underlying RSUs. The Form 4 was signed by an attorney-in-fact on 09/30/2025.

Positive

• Officer alignment with shareholders: RSU dividend equivalents increase executive ownership and tie compensation to shareholder returns.
• No cash purchase required: Awards recorded at $0.00, indicating a dividend-equivalent settlement rather than a purchased acquisition.

Negative

• None.

Insights

Financial Analyst

TL;DR: Officer received non-cash RSU dividend equivalents tied to prior awards; immaterial to near-term cash flow.

The filing documents dividend-equivalent RSUs granted to an executive, increasing his beneficial share holdings tied to unvested awards. The grants carry no cash purchase price and will vest/pay alongside the underlying RSUs, indicating routine compensation mechanics rather than an open-market purchase or option exercise. There is no new cash outlay by the reporting person and no explicit change to vesting schedules disclosed. Impact on outstanding share count is typical for dividend-equivalent settlements in equity-compensated firms.

Corporate Governance Expert

TL;DR: This is a standard dividend-equivalent equity grant to an officer, consistent with common compensation practices.

The Form 4 shows adjustment awards issued as RSUs in connection with a company cash dividend, applied to previously granted unvested RSUs across four grant years. The awards are reported as direct beneficial ownership and are payable concurrent with the underlying RSUs, suggesting no modification to vesting conditions was reported. Documentation appears procedural and in line with executive equity plan provisions for dividend equivalents.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Uplinger Chad C

(Last) (First) (Middle)

C/O ENERSYS

2366 BERNVILLE ROAD

(Street)

READING PA 19605

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EnerSys [ ENS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres., Motive Power Global

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/26/2025		A		2.3501(1)	A	$0.00	21,192.4208	D
Common Stock	09/26/2025		A		3.1077(2)	A	$0.00	21,195.5285	D
Common Stock	09/26/2025		A		9.4683(3)	A	$0.00	21,204.9968	D
Common Stock	09/26/2025		A		12.3275(4)	A	$0.00	21,217.3243	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were granted in the form of Restricted Stock Units ("RSUs"), in connection with the cash dividend paid on September 26, 2025, to stockholders of record as of September 12, 2025 (the "Dividend"), with respect to 999 unvested RSUs granted to the reporting person on August 12, 2022, and adjusted for previously declared and paid cash dividends. These RSUs will vest and are payable concurrent with the underlying RSUs.

2. These shares were granted in the form of RSUs, in connection with the Dividend, with respect to 1,322 unvested RSUs granted to the reporting person on August 11, 2023, and adjusted for previously declared and paid cash dividends. These RSUs will be payable concurrent with the underlying RSUs.

3. These shares were granted in the form of RSUs, in connection with the Dividend, with respect to 4,027 unvested RSUs granted to the reporting person on August 9, 2024. These RSUs will be payable concurrent with the underlying RSUs.

4. These shares were granted in the form of RSUs, in connection with the Dividend, with respect to 5,243 unvested RSUs granted to the reporting person on August 8, 2025. These RSUs will be payable concurrent with the underlying RSUs.

	John Yarbrough, by Power of Attorney	09/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Chad C. Uplinger report on the EnerSys (ENS) Form 4?

The Form 4 reports receipt of RSU dividend equivalents granted on 09/26/2025 tied to previously awarded unvested RSUs from 2022, 2023, 2024, and 2025.

How many unvested RSUs generated dividend-equivalent grants for ENS officer filings?

The filing references 999 (08/12/2022), 1,322 (08/11/2023), 4,027 (08/09/2024), and 5,243 (08/08/2025) unvested RSUs that produced dividend-equivalent RSU grants.

Was there any cash paid or purchase price for the reported securities?

No; the reported derivative/non-derivative entries show a price of $0.00, indicating no cash purchase for these shares.

When will the dividend-equivalent RSUs vest or be payable?

The filing states these RSUs "will vest and are payable concurrent with the underlying RSUs," meaning they follow the original grants' vesting schedule.

Who signed the Form 4?

The Form 4 was executed on behalf of the reporting person by John Yarbrough, by Power of Attorney on 09/30/2025.