O'Connell Shawn M. 4
Research Summary
AI-generated summary
EnerSys CEO Shawn O'Connell Receives RSU Dividend Awards
What Happened
Shawn M. O'Connell, President and CEO of EnerSys (ENS), was granted a total of 61.472 shares in the form of restricted stock units (RSUs) as dividend equivalents on March 27, 2026. The filing shows five separate awards: 2.97, 4.406, 9.209, 6.35 and 38.537 RSUs; each was recorded at $0.00 per share (no cash paid). These awards were issued in connection with the company cash dividend and are tied to previously granted, unvested RSUs — the dividend-equivalent RSUs will vest and be payable concurrent with their underlying RSUs.
Key Details
- Transaction date: March 27, 2026; Filing date: March 31, 2026 (Form 4 accession 0001437749-26-010690).
- Transaction type/code: Award/Grant (A); price reported $0.00; total awarded = 61.472 RSUs; no cash exchanged.
- Underlying grants referenced (from which dividend equivalents were calculated): Aug 12, 2022; Aug 11, 2023; Aug 9, 2024; Nov 8, 2024; Aug 8, 2025 (see footnotes F1–F6). Footnote F2 notes an adjustment for a prior arithmetic error.
- Shares owned after the transaction: not disclosed in the information provided in your summary.
- Timeliness: Filing date is March 31, 2026 for transactions on March 27, 2026. (Form 4s are typically due within two business days; this filing was submitted several days after the transactions.)
Context
These awards are dividend equivalents credited as additional RSUs tied to existing unvested grants — a non-cash corporate action rather than an open-market purchase or sale. Dividend-paid RSUs generally reflect dividend policy and grant mechanics and do not by themselves signal an insider buying or selling decision. The awarded RSUs will vest/pay according to the vesting schedule of the underlying grants.