ENS Form 4: Director Tamara Morytko issued DSU/RSU shares after dividend
Rhea-AI Filing Summary
EnerSys (ENS) director Tamara Morytko received additional common shares on 09/26/2025 related to the company dividend. The Form 4 shows multiple grants credited as shares at $0 per share because they were issued in lieu of cash dividends. The report breaks the issuance into six components tied to vested Deferred Stock Units and both vested and unvested Restricted Stock Units granted on various prior dates, bringing the reporting person\'s beneficial ownership to 9,489.5712 shares. The filing was signed by a power of attorney on 09/30/2025. All shares are described as vested and payable concurrent with the underlying units where specified.
Positive
- Transparent disclosure of dividend-equivalent issuances and the vesting/award dates for DSUs and RSUs
- Shares issued at $0 as dividend equivalents, reflecting non-cash compensation rather than open-market activity
- Aggregate beneficial ownership quantified precisely as 9,489.5712 shares
Negative
- None.
Insights
TL;DR Routine dividend-related stock-unit settlements increased a director\'s shareholding by a small, specified amount at no cash cost.
This Form 4 documents director-level receipt of common shares through conversion of DSUs and RSUs as a dividend substitute. The transactions are non-cash, routine equity compensation events and do not indicate open-market purchases or sales. The aggregate beneficial ownership reported is 9,489.5712 shares, with per-item fractional share amounts recorded. For investors, this is an administrative equity issuance tied to prior awards and the declared dividend, not a change in trading exposure or liquidity of the stock.
TL;DR Standard director compensation mechanics: dividend equivalents paid in stock units converted to shares, disclosed in Form 4.
The filing transparently discloses dividend-equivalent issuances across Deferred Stock Units and Restricted Stock Units, specifying vesting provenance and that shares are payable concurrent with underlying awards. The report is consistent with routine governance practices for non-employee director compensation and timely Section 16 reporting. There is no indication of special transactions, options exercise, or sales by the reporting person; oversight risk appears minimal based on the disclosed facts.