EnerSys CEO Shaffer David M sold entire remaining 11,378 shares (100% of holdings) for $1,150,604.41 on 2025-02-25
On February 25, 2025, Shaffer David M (CEO of EnerSys) executed 6 separate sales totaling 11,378 shares for $1,150,604.41 at prices ranging from $100.42 to $102.03 (blended average $101.13), completely liquidating his equity position to zero shares. This represents the elimination of 100% of his prior shareholdings, which is a material departure from typical CEO holdings and represents a definitive exit of direct equity stake in the company. The sale occurred at prices near the current market price of $102.19 and during a period when the stock is trading -7.3% from its 52-week high of $110.19, though up 6.3% over the past 30 days. The CEO's complete equity exit merits investor scrutiny given the fundamental context: EnerSys generated $906.2M in quarterly revenue and $114.8M in net income, but is facing -3.4% annual revenue growth with a valuation of 12.28x P/E at a $4.0B market cap.