Funk Andrea J. 4
Research Summary
AI-generated summary
EnerSys (ENS) CFO Andrea Funk Forfeits 2,051 Shares for Taxes
What Happened
Andrea J. Funk, Executive Vice President and Chief Financial Officer of EnerSys (ENS), had 2,051 shares forfeited to cover tax withholding in connection with the vesting of restricted stock units. The shares were valued at $232.24 each, totaling approximately $476,324. This was a withholding/forfeiture to satisfy tax obligations (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: May 23, 2026; Filing date: May 27, 2026.
- Price per share: $232.24; Shares forfeited/ disposed: 2,051; Total value: ~$476,324.
- Transaction type: F — payment of tax liability via share withholding (forfeiture).
- Footnote: Shares were forfeited in connection with the vesting of Restricted Stock Units granted on May 23, 2025 (per F1).
- Shares owned after the transaction: not reported in the Form 4 filing.
- Filing timeliness: report filed May 27, 2026 (the filing itself does not indicate a late-report flag).
Context
This was a routine tax-withholding action tied to RSU vesting—companies commonly withhold or cancel a portion of vested shares to satisfy required payroll/tax obligations. Such forfeitures are administrative and do not necessarily reflect the insider’s view of the company’s prospects.