Form 4: Enerpac Tool Group Director Altmaier Reports Changes in Beneficial Ownership
SEC Filing
Director Judy L. Altmaier reports adjustments to deferred compensation plan and phantom stock holdings in Enerpac Tool Group Corp.
Summary
- Judy L. Altmaier, a director of Enerpac Tool Group Corp, filed a Form 4 detailing changes in her beneficial ownership.
- The report indicates an adjustment of 14,601 shares related to the Outside Director's Deferred Compensation Plan.
- Altmaier also acquired 10 phantom stock units, convertible 1-for-1 into Class A Common Stock, at a price of $44.03 per unit.
- Following these transactions, Altmaier directly owns 9,395 shares of Class A Common Stock and 14,620 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock units are settled in stock generally following the director's termination of service or a specified date, according to the Outside Director's Deferred Compensation Plan.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 10/18/2024 | Date of earliest transaction and phantom stock acquisition. |
| 10/22/2024 | Date of signature on the Form 4 filing. |
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