Form 4: Enerpac Tool Group Director Richard D. Holder Reports Acquisition of Phantom Stock

Director Richard D. Holder reports acquisition of phantom stock units convertible to Class A Common Stock in Enerpac Tool Group Corp.

Summary

• Richard D. Holder, a director of Enerpac Tool Group Corp, filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of 2,624 phantom stock units on February 6, 2025, under the Outside Director's Deferred Compensation Plan.
• 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 transaction, Holder beneficially owns 17,244 derivative securities.

Sentiment

Score: 5

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

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings and alignment with company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock, Director, Enerpac Tool Group, EPAC, Richard D. Holder, Deferred Compensation