EnerSys (ENS) President Chad Uplinger Receives Stock Award

What Happened Chad C. Uplinger, President Industrial Mobility at EnerSys, received stock award grants on August 14, 2026 totaling 6,392 units: 3,196 Restricted Stock Units (RSUs) and 3,196 Performance Stock Units (PSUs). Both grants are reported at an acquisition price of $0 per share in the filing. The RSUs vest one‑third each year on August 14 in 2027, 2028 and 2029. The PSUs vest on the third anniversary (Aug 14, 2029) and convert to shares based on a performance adjustment tied to cumulative adjusted EPS; the performance modifier ranges from 0% to 300% (the filing shows the PSU count assuming a 100% adjustment). Both award types are subject to acceleration/forfeiture in specified circumstances, including the company’s clawback policy.

Key Details

• Transaction date: 2026-08-14; Filing date (Form 4): 2026-08-18 (filed 4 days after the grant; typically Form 4s are due within 2 business days).
• Grants: 3,196 RSUs (vest one‑third annually Aug 14, 2027–2029); 3,196 PSUs (vesting/settlement on Aug 14, 2029 subject to performance 0–300%).
• Price reported: $0.00 per share (typical for equity awards; not an open‑market purchase).
• Total units granted: 6,392 (3,196 RSUs + 3,196 PSUs at 100% assumed conversion).
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Notable provisions: PSUs include a performance adjustment formula tied to cumulative adjusted EPS; both awards subject to clawback and possible acceleration/forfeiture per plan terms.

Context These entries are award grants (not purchases or sales) and reflect compensation rather than open‑market insider buying or selling. PSUs only convert to actual shares at vesting if performance thresholds are met (could be 0%–300% of the target), so the final share delivery may differ from the granted PSU count. The four‑day gap between grant and filing suggests this Form 4 was submitted later than the typical 2‑business‑day deadline for reporting Section 16 transactions.