ENS Form 4: Andrea Funk Credited Dividend-Equivalent RSUs
Rhea-AI Filing Summary
EnerSys (ENS) Form 4: Andrea J. Funk, EVP & Chief Financial Officer, reported receipt of additional shares on 09/26/2025 related to dividend-adjusted Restricted Stock Units (RSUs). The filing shows five separate RSU-based awards credited as stock in connection with a cash dividend paid 09/26/2025 to holders of record on 09/12/2025. The reported increments reflect dividend equivalents on unvested RSUs granted on 08/12/2022 (2,228 RSUs), 08/11/2023 (3,305 RSUs), 08/09/2024 (5,638 RSUs), 05/23/2025 (18,792 RSUs) and 08/08/2025 (10,486 RSUs). All shares were issued at $0.00 price and remain direct holdings payable concurrent with underlying RSUs.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine dividend-equivalent RSU credits to a named executive officer; governance practice aligns compensation with shareholder distributions.
The report documents dividend-equivalent shares issued as RSUs to the CFO across five prior grants. These awards were automatic adjustments tied to a company cash dividend and will vest/pay with the underlying RSU schedules. This is a standard administration of equity compensation and does not indicate new cash payments or changes to grant terms beyond dividend treatment. Impact on governance oversight is minimal; disclosure is consistent with Section 16 reporting requirements.
TL;DR: Small incremental increase in outstanding insider-held shares from dividend-adjusted RSUs; no cash consideration and no immediate market impact.
The filing shows five separate allocations of shares credited at $0.00 as dividend equivalents for unvested RSUs granted between 2022 and 2025, totaling incremental beneficial ownership reflected per line items. Because these are non-cash, contingent on vesting and payable with underlying RSUs, they do not reflect exercised options or open-market purchases. For investors, this is a routine insider disclosure with neutral implications for near-term share supply or company cash flow.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5.239 | $0.00 | -- |
| Grant/Award | Common Stock | 7.771 | $0.00 | -- |
| Grant/Award | Common Stock | 13.257 | $0.00 | -- |
| Grant/Award | Common Stock | 44.189 | $0.00 | -- |
| Grant/Award | Common Stock | 24.655 | $0.00 | -- |
Footnotes (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 2,228 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. These shares were granted in the form of RSUs, in connection with the Dividend, with respect to 3,305 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. These shares were granted in the form of RSUs, in connection with the Dividend, with respect to 5,638 unvested RSUs granted to the reporting person on August 9, 2024. These RSUs will be payable concurrent with the underlying RSUs. These shares were granted in the form of RSUs, in connection with the Dividend, with respect to 18,792 unvested RSUs granted to the reporting person on May 23, 2025. These RSUs will be payable concurrent with the underlying RSUs. These shares were granted in the form of RSUs, in connection with the Dividend, with respect to 10,486 unvested RSUs granted to the reporting person on August 8, 2025. These RSUs will be payable concurrent with the underlying RSUs.
FAQ
What did Andrea J. Funk report on the Form 4 for ENS?
Does this Form 4 indicate a sale or purchase of EnerSys stock by the officer?