Form 4: Enerpac Tool Group Director Acquires Phantom Stock Units

Director Danny L Cunningham acquired 2,624 phantom stock units convertible to Class A Common Stock in Enerpac Tool Group Corp.

Summary

• On February 6, 2025, Danny L Cunningham, a director of Enerpac Tool Group Corp, acquired 2,624 phantom stock units.
• These phantom stock units are convertible 1-for-1 into shares of Class A Common Stock.
• The acquisition was made pursuant to the Outside Director's Deferred Compensation Plan.
• Following the transaction, Cunningham beneficially owns 44,142 derivative securities.
• The phantom stock units are settled in common stock following the director's termination of service or a specified date.

Sentiment

Score: 7

Explanation: The sentiment is neutral. This is a routine filing related to director compensation and doesn't indicate any significant positive or negative developments for the company.

Future Outlook

The phantom stock units will be settled in common stock following the director's termination of service or a specified date, according to the Outside Director's Deferred Compensation Plan.

Industry Context

This filing reflects standard practice for director compensation involving deferred stock units, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors as it relates to director compensation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock, Director, Enerpac Tool Group, EPAC, Cunningham