Form 4: Enerpac Director Boosts Phantom Stock Holdings
Insider Transaction Report
Enerpac Tool Group Corp. Director Danny L. Cunningham acquired 39 phantom stock units, increasing his direct beneficial ownership to 44,181 units.
Summary
- Director Danny L. Cunningham acquired 39 phantom stock units in Enerpac Tool Group Corp. on October 17, 2025.
- The acquisition was made pursuant to the Outside Director's Deferred Compensation Plan.
- Phantom stock units convert 1-for-1 into shares of Class A Common Stock.
- The price per unit was $41.98, based on the closing selling price of Class A Common Stock on the date of accrual of dividend equivalent rights.
- Following this transaction, Director Cunningham directly beneficially owns 44,181 derivative securities (phantom stock units).
Sentiment
Score: 7
Explanation: The acquisition of phantom stock units by a director, even if routine compensation, generally indicates continued alignment of management interests with shareholder value, which is a positive signal.
Positives
- Director Cunningham increased his beneficial ownership in the company, aligning his interests with shareholders.
- The acquisition is part of a structured deferred compensation plan, indicating a routine and established approach to executive incentives.
Risks
- Intentional misstatements or omissions of facts in the filing constitute Federal Criminal Violations under 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Future Outlook
The phantom stock units are generally settled following the director's termination of service or on a specified date.
Industry Context
N/A
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization for Section 16 Compliance | Director Danny L. Cunningham granted Power of Attorney to Patrick Dawson, Noah Popp, Darren Kozik, Ashley Quackenboss, and Alyssa Trudell to execute and file Forms 3, 4, and 5 on his behalf. | 07/25/2025 | Streamlines compliance with Section 16(a) reporting requirements for insider transactions, ensuring timely and accurate filings. |
Related Party Transactions
- Acquisition of 39 phantom stock units by Director Danny L. Cunningham under the Outside Director's Deferred Compensation Plan, representing a transaction between a director and the company.
Stakeholder Impact
- Shareholders: The director's increased beneficial ownership through a compensation plan reinforces alignment of interests with shareholder value.
- Management: The transaction reflects a standard component of the company's director compensation structure.
Next Steps
- Settlement of phantom stock units following the director's termination of service or on a specified date.
Key Dates
| Date | Description |
|---|---|
| 07/25/2025 | Date Power of Attorney was signed by Danny Cunningham. |
| 10/17/2025 | Date of transaction (acquisition of phantom stock units). |
| 10/20/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis Form 4 reports a routine acquisition of phantom stock units by a director as part of a deferred compensation plan. While it shows continued alignment of interests, it is not a significant open-market purchase that would typically warrant a change in investment recommendation. The transaction itself does not provide new fundamental information to alter the investment thesis for Enerpac Tool Group Corp.
Keywords
Enerpac Tool Group, EPAC, Danny Cunningham, Director, Phantom Stock, Insider Transaction, SEC Form 4, Deferred Compensation, Beneficial Ownership
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