Form 4: Enerpac Tool Group Director Cunningham Reports Changes in Beneficial Ownership

Director Danny L Cunningham reports changes in beneficial ownership of Enerpac Tool Group Corp shares, including adjustments related to deferred compensation and phantom stock units.

Summary

• Danny L Cunningham, a director of Enerpac Tool Group Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates an adjustment of 14,601 shares previously reported in Table I, which Cunningham elected to defer under the Outside Director's Deferred Compensation Plan.
• Cunningham also acquired 34 phantom stock units on October 18, 2024, at a price of $44.03 per unit, based on the closing selling price of Class A Common Stock on the accrual date of dividend equivalent rights.
• These phantom stock units are convertible 1-for-1 into shares of Class A Common Stock and are generally settled following the director's termination of service or a specified date.
• Following the reported transactions, Cunningham beneficially owns 24,030 shares of Class A Common Stock directly and 41,518 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in director Cunningham's holdings, which may be of interest to investors.

Stakeholder Impact

• Shareholders may be interested in the changes in beneficial ownership reported by the director.

Key Dates