Form 4: Enerpac Director Acquires Phantom Stock Units

Enerpac Tool Group Corp. Director Judy L. Altmaier acquired 13 phantom stock units, increasing her beneficial ownership to 17,257 derivative securities.

Summary

• Judy L. Altmaier, a Director of Enerpac Tool Group Corp. (EPAC), acquired 13 phantom stock units.
• The transaction occurred on October 17, 2025.
• Following this acquisition, Ms. Altmaier beneficially owns 17,257 derivative securities (phantom stock units).
• Each phantom stock unit converts 1 for 1 into shares of Class A Common Stock.
• The price per phantom stock unit was $41.98, based on the closing selling price of Class A Common Stock on the date of accrual of dividend equivalent rights.
• Phantom stock units are settled in common stock generally following the director's termination of service or a specified date, as per the Outside Director's Deferred Compensation Plan.
• A Power of Attorney, dated July 25, 2025, authorizes specific individuals to execute Section 16 compliance forms on behalf of Ms. Altmaier.

Sentiment

Score: 6

Explanation: Slightly positive, as a director's acquisition of company equity (even phantom stock) can signal confidence, though the transaction size is small and routine.

Positives

• The acquisition of phantom stock units by a director can be interpreted as a positive signal of confidence in the company's future performance and alignment with shareholder interests.

Risks

• The value of the phantom stock units is tied to the performance of Enerpac Tool Group Corp.'s Class A Common Stock, exposing the holder to market fluctuations.
• Settlement of the phantom stock units is generally contingent upon the director's termination of service or a specified date, which may affect liquidity.

Future Outlook

The phantom stock units are expected to be settled in common stock generally following the director's termination of service or on a specified date, in accordance with the Outside Director's Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects an individual director's compensation and investment activity within the company.

Corporate Governance

Stakeholder Impact

• Shareholders: May view the director's acquisition of phantom stock as a minor positive signal of management's alignment with shareholder interests and confidence in the company's future.

Next Steps

• Settlement of the phantom stock units into Class A Common Stock upon the director's termination of service or a specified date.

Key Dates

Recommendation

This Form 4 filing reports a routine, small-scale insider transaction involving phantom stock units. It does not present new material information that would fundamentally alter the investment thesis for Enerpac Tool Group Corp. While a director's acquisition can be a minor positive signal, the nature and size of this transaction are unlikely to significantly impact the company's valuation or warrant a change in investment recommendation based solely on this filing.

Keywords

Enerpac Tool Group Corp, EPAC, Judy L. Altmaier, Director, Phantom Stock, Insider Trading, SEC Form 4, Beneficial Ownership, Deferred Compensation