Form 4: Enerpac Tool Group Director Acquires Phantom Stock Units

Director E. James Ferland Jr. acquired 9 phantom stock units of Enerpac Tool Group Corp on October 18, 2024, under the Outside Director's Deferred Compensation Plan.

Summary

• On October 18, 2024, E. James Ferland Jr., a director of Enerpac Tool Group Corp, acquired 9 phantom stock units.
• The acquisition was made under the Outside Director's Deferred Compensation Plan.
• These phantom stock units are convertible 1-for-1 into shares of Class A Common Stock.
• The price of the phantom stock is based on the closing selling price of Class A Common Stock on the date of accrual of the dividend equivalent rights, which was $44.03.
• Following the transaction, Ferland directly owns 9,804 shares.
• The phantom stock units are settled generally following the director's termination of service or a specified date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction disclosure. The director's acquisition of phantom stock could be interpreted slightly positively, indicating confidence, but it's not a major event.

Positives

• The acquisition of phantom stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The phantom stock units are settled generally following the director's termination of service or a specified date.

Industry Context

This filing is a routine disclosure of a director's acquisition of phantom stock units, which is a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding director compensation.

Key Dates