diff --git a/src/CSFeeDistributor.sol b/src/CSFeeDistributor.sol
index c9a1b28f..f6043d7b 100644
--- a/src/CSFeeDistributor.sol
+++ b/src/CSFeeDistributor.sol
@@ -82,7 +82,7 @@ contract CSFeeDistributor is
         }
 
         STETH.transferShares(ACCOUNTING, sharesToDistribute);
-        emit FeeDistributed(nodeOperatorId, sharesToDistribute);
+        emit OperatorFeeDistributed(nodeOperatorId, sharesToDistribute);
     }
 
     /// @inheritdoc ICSFeeDistributor
@@ -121,6 +121,8 @@ contract CSFeeDistributor is
             );
         }
 
+        emit ModuleFeeDistributed(distributed);
+
         // NOTE: Make sure off-chain tooling provides a distinct CID of a log even for empty reports, e.g. by mixing
         // in a frame identifier such as reference slot to a file.
         if (bytes(_logCid).length == 0) revert InvalidLogCID();
diff --git a/src/interfaces/ICSFeeDistributor.sol b/src/interfaces/ICSFeeDistributor.sol
index 438db952..928373af 100644
--- a/src/interfaces/ICSFeeDistributor.sol
+++ b/src/interfaces/ICSFeeDistributor.sol
@@ -8,7 +8,10 @@ pragma solidity 0.8.24;
 
 interface ICSFeeDistributor is IAssetRecovererLib {
     /// @dev Emitted when fees are distributed
-    event FeeDistributed(uint256 indexed nodeOperatorId, uint256 shares);
+    event OperatorFeeDistributed(
+        uint256 indexed nodeOperatorId,
+        uint256 shares
+    );
 
     /// @dev Emitted when distribution data is updated
     event DistributionDataUpdated(
@@ -20,6 +23,9 @@ interface ICSFeeDistributor is IAssetRecovererLib {
     /// @dev Emitted when distribution log is updated
     event DistributionLogUpdated(string logCid);
 
+    /// @dev It logs how many shares were distributed in the latest report
+    event ModuleFeeDistributed(uint256 shares);
+
     error ZeroAccountingAddress();
     error ZeroStEthAddress();
     error ZeroAdminAddress();
diff --git a/test/CSFeeDistributor.t.sol b/test/CSFeeDistributor.t.sol
index 79037a95..34ab111f 100644
--- a/test/CSFeeDistributor.t.sol
+++ b/test/CSFeeDistributor.t.sol
@@ -161,7 +161,7 @@ contract CSFeeDistributorTest is CSFeeDistributorTestBase {
         );
 
         vm.expectEmit(true, true, true, true, address(feeDistributor));
-        emit ICSFeeDistributor.FeeDistributed(nodeOperatorId, shares);
+        emit ICSFeeDistributor.OperatorFeeDistributed(nodeOperatorId, shares);
 
         vm.prank(address(accounting));
         feeDistributor.distributeFees({
@@ -419,6 +419,9 @@ contract CSFeeDistributorTest is CSFeeDistributorTestBase {
             treeCid
         );
 
+        vm.expectEmit(true, true, true, true, address(feeDistributor));
+        emit ICSFeeDistributor.ModuleFeeDistributed(shares);
+
         vm.expectEmit(true, true, true, true, address(feeDistributor));
         emit ICSFeeDistributor.DistributionLogUpdated(logCid);