Form 4: Enerpac Tool Group Director Judy L. Altmaier Reports Acquisition of Phantom Stock

Director Judy L. Altmaier reports acquisition of 2,624 phantom stock units convertible to Class A Common Stock in a recent SEC Form 4 filing.

Summary

• On February 6, 2025, Judy L. Altmaier, a director of Enerpac Tool Group Corp, reported the acquisition of 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, Altmaier directly owns 17,244 shares of Class A Common Stock.
• The phantom stock units are settled in common stock generally following the director's termination of service or a specified date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. There are no explicit positive or negative implications.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The director's deferred compensation plan encourages long-term commitment.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It reflects standard practices for aligning director incentives with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock, Director, Enerpac Tool Group, EPAC, Altmaier, Deferred Compensation