EnerSys (ENS) President Chad C. Uplinger Forfeits Shares to Cover Taxes
$ENS · EnerSysResearch Summary
AI-generated summary of this SEC filing
EnerSys (ENS) President Chad C. Uplinger Forfeits Shares to Cover Taxes
What Happened
Chad C. Uplinger, President — Industrial Mobility at EnerSys (ENS), had 726 shares forfeited/withheld to satisfy tax withholding tied to vested Restricted Stock Units (RSUs). The filing shows 289 shares forfeited on 2026-08-11 at $186.30 (≈ $53,841) and 437 shares forfeited on 2026-08-12 at $186.21 (≈ $81,374), for a combined value of roughly $135,215. These were not open-market sales but shares retained to cover withholding obligations.
Key Details
- Transaction dates and prices:
- 2026-08-11: 289 shares forfeited at $186.30 each — $53,841
- 2026-08-12: 437 shares forfeited at $186.21 each — $81,374
- Total shares forfeited: 726; total value: ≈ $135,215.
- Footnotes: Shares were forfeited in connection with RSU vesting — grants dated Aug 11, 2023 (F1) and Aug 12, 2022 (F2).
- Transaction code: F — payment of exercise price or tax liability (share withholding for taxes).
- Filing: Report filed 2026-08-13 for transactions on 2026-08-11/12; filing appears timely (filed within required reporting window).
- Shares owned after the transactions: not specified in the provided filing details.
Context
This is a routine administrative tax-withholding event tied to RSU vesting — commonly handled by retaining/forfeiting a portion of vested shares rather than selling them on the open market. Such withholding transactions generally do not indicate the insider’s view on the company’s stock.