Form 4: Enerpac Tool Group Director Acquires Shares Through Deferred Compensation Plan

Director E James Ferland Jr. acquired 3,278 shares of Enerpac Tool Group Corp (EPAC) Class A Common Stock on January 31, 2025, through the conversion of phantom stock units under the Outside Directors' Deferred Compensation plan.

Summary

• On January 31, 2025, E James Ferland Jr., a director of Enerpac Tool Group Corp (EPAC), acquired 3,278 shares of Class A Common Stock.
• The acquisition resulted from the conversion of phantom stock units under the Outside Directors' Deferred Compensation plan.
• The conversion was executed at a price of $0 per share, as the phantom stock is converted 1 for 1 into shares of Class A Common Stock.
• Following the transaction, Ferland directly owns 89,325 shares of Class A Common Stock and 6,526 phantom stock units.
• 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 related to director compensation. There's no indication of significant positive or negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

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 insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration.

Related Party Transactions

• The transaction involves a director and the company, making it a related party transaction. It is disclosed as required by regulations.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders. It's primarily a change in the form of compensation for the director.

Key Dates