EnerSys (NYSE: ENS) awards CFO stock units vesting through 2029
Rhea-AI Filing Summary
EnerSys (ENS) reported that EVP and CFO Andrea J. Funk received equity-based compensation awards of common stock on August 14, 2026. One grant covers 6,391 Restricted Stock Units that vest in three equal installments on August 14 of 2027, 2028, and 2029, subject to possible acceleration or forfeiture and to the company’s clawback policy. A second grant covers 6,391 performance-based stock units, which will convert into common shares on the third anniversary of grant based on a performance adjustment percentage tied to three-year cumulative adjusted EPS versus a target, ranging from 0% to 300%, with the current reported amount reflecting a 100% performance assumption.
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Insider Trade Summary
Net Buyer: 12,782 shares
Net Buy
2 txns
Insider
Funk Andrea J.
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 6,391 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 6,391 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 65,471 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
Restricted Stock Units granted: 6,391 shares
Performance-based stock units granted: 6,391 units
RSU vesting dates: August 14, 2027; August 14, 2028; August 14, 2029
+3 more
6 metrics
Restricted Stock Units granted
6,391 shares
Time-based RSUs granted to EVP and CFO on August 14, 2026
Performance-based stock units granted
6,391 units
PSUs granted to EVP and CFO on August 14, 2026, at 100% performance assumption
RSU vesting dates
August 14, 2027; August 14, 2028; August 14, 2029
One-third of the RSUs vest on each listed date
PSU performance range
0% to 300%
Range of performance adjustment percentage based on three-year cumulative adjusted EPS
PSU vesting period
3 years
PSUs vest on the third anniversary of the August 14, 2026 grant date
Transaction price per share
$0.0000
Equity awards granted without cash purchase price to the officer
Key Terms
Restricted Stock Units, performance-based stock units ("PSUs"), cumulative adjusted EPS, clawback policy
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 ("PSUs") financial
"These shares were granted as performance-based stock units ("PSUs"). Each PSU converts"
cumulative adjusted EPS financial
"percentage is based on the cumulative adjusted EPS over the three year vesting"
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.
FAQ
What equity awards did EnerSys (ENS) grant to EVP and CFO Andrea J. Funk?
EnerSys granted Andrea J. Funk 6,391 Restricted Stock Units and 6,391 performance-based stock units on August 14, 2026, as part of her equity compensation, all in the form of common stock awards.
How do the performance-based stock units granted by EnerSys (ENS) to Andrea J. Funk work?
Each PSU converts into common stock based on a performance adjustment percentage after three years. The percentage, from 0% to 300%, depends on three-year cumulative adjusted EPS versus a target cumulative adjusted EPS.
When do Andrea J. Funk’s Restricted Stock Units from EnerSys (ENS) vest?
The 6,391 RSUs vest in three equal installments on August 14, 2027, August 14, 2028, and August 14, 2029, subject to possible acceleration or forfeiture under specified conditions.
Are the EnerSys (ENS) equity grants to Andrea J. Funk subject to a clawback policy?
Yes. Both the Restricted Stock Units and the performance-based stock units are subject to acceleration or forfeiture under certain circumstances, including compliance with the clawback policy adopted by EnerSys’ Board of Directors.
What performance assumption does the reported number of PSUs for EnerSys (ENS) use?
The 6,391 PSUs reported for Andrea J. Funk reflect an assumed 100% performance adjustment percentage. Actual shares issued can be lower or higher, from 0% to 300% of the granted units.
AI-generated analysis. How Rhea-AI works. Not financial advice.