EnerSys (ENS) President Keith Fisher Receives 6,392-Share Awards
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EnerSys (ENS) President Keith Fisher Receives 6,392-Share Awards
What Happened
Keith D. Fisher, President, Network & Infrastructure at EnerSys (ENS), received two equity awards on August 14, 2026: 3,196 restricted stock units (RSUs) and 3,196 performance-based stock units (PSUs), a total of 6,392 units. Both awards are recorded at $0.00 per share on the Form 4 (standard for stock-unit grants); no cash changed hands. These are grants (Award/Grant — code A), not purchases or sales.
Key Details
- Transaction date: 2026-08-14; Form 4 filed: 2026-08-18 (filed within two business days of the transaction).
- Award amounts: 3,196 RSUs and 3,196 PSUs (total 6,392 units). Reported price: $0.00 (grant).
- Shares owned after transaction: not specified in the filing.
- Footnote F1 (RSUs): Vest one-third on each of Aug 14, 2027, 2028 and 2029; subject to acceleration or forfeiture in specified circumstances, including the Board’s clawback policy.
- Footnote F2 (PSUs): PSUs convert to shares on the third anniversary based on a performance adjustment (0%–300%); the filing shows the target/100% conversion (3,196 units). PSUs are also subject to acceleration/forfeiture and the clawback policy.
- Transaction code: A = Award/Grant. No 10b5‑1 plan, tax‑withholding sale, or late‑filing indication noted.
Context
RSUs and PSUs are deferred equity compensation. RSUs vest over time; PSUs vest based on multi-year performance (here, cumulative adjusted EPS vs. target with a 0–300% performance multiplier). These grants do not represent a buy or sell signal — they are compensation awards that may dilute shares when vested and settled. Investors should watch future vesting dates and any realized share issuances or sales for changes in insider ownership.