Form 4: Enerpac CEO Paul Sternlieb Reports Stock Sale for Tax Purposes
Insider Transaction Report
Enerpac Tool Group Corp. CEO Paul Sternlieb reported a disposition of 26,140 shares of Class A Common Stock on August 30, 2025, primarily for tax liability.
Summary
- Paul Sternlieb, President and CEO, and a Director of Enerpac Tool Group Corp. (EPAC), reported a transaction in a Form 4 filing.
- The report details a disposition of 26,140 shares of Class A Common Stock.
- This transaction occurred on August 30, 2025.
- The shares were disposed of at a price of $42.34 per share.
- The transaction code 'F' indicates the disposition was for the payment of tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security or restricted stock.
- Following this transaction, Mr. Sternlieb beneficially owns 331,042 shares of Class A Common Stock.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-scheduled, non-discretionary sale.
Sentiment
Score: 6
Explanation: The transaction is a pre-scheduled, non-discretionary sale for tax purposes, which is a neutral event. The insider retains a substantial holding, indicating continued confidence, but the reduction in shares is a minor negative.
Positives
- The transaction was pre-scheduled under a Rule 10b5-1 plan, indicating a non-discretionary sale, often for tax purposes, rather than a discretionary sale based on market outlook.
- Paul Sternlieb retains a significant beneficial ownership of 331,042 shares after the transaction, demonstrating continued alignment with shareholder interests.
Negatives
- A reduction in direct beneficial ownership of 26,140 shares, even if for tax purposes, slightly decreases the insider's direct stake in the company.
Future Outlook
No specific forward-looking statements or guidance are provided in this report.
Industry Context
This Form 4 filing is a routine insider transaction report specific to Enerpac Tool Group Corp. and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Paul Sternlieb granted a Power of Attorney to several individuals (Patrick Dawson, Noah Popp, Darren Kozik, Ashley Quackenboss, and Alyssa Trudell) to execute and file Forms 3, 4, and 5 on his behalf for Section 16 compliance. This includes managing his EDGAR Next account. | 2025-07-25 | Streamlines compliance with Section 16 reporting requirements for the insider, ensuring timely and accurate filings. |
Stakeholder Impact
- Shareholders: A minor reduction in direct insider ownership, but the pre-scheduled nature and purpose (tax withholding) mitigate concerns about management confidence. The CEO retains a significant stake.
Key Dates
| Date | Description |
|---|---|
| 2025-07-25 | Date of Power of Attorney for Section 16 compliance. |
| 2025-08-30 | Transaction date for the disposition of Class A Common Stock. |
| 2025-09-03 | Date the Form 4 was signed and filed. |
Keywords
Enerpac Tool Group, EPAC, Paul Sternlieb, Insider Trading, Form 4, Stock Sale, CEO, Director, 10b5-1 Plan, Tax Withholding
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