Form 4: Enpro Director Botts Accrues Phantom Stock
Statement of Changes in Beneficial Ownership (Form 4)
Enpro Inc. Director Thomas M. Botts reported the accrual of dividend equivalent rights to phantom stock awards on September 17, 2025.
Summary
- Thomas M. Botts, a Director of Enpro Inc. (NPO), reported changes in his beneficial ownership of derivative securities.
- On September 17, 2025, Botts accrued 21 phantom stock units as dividend equivalent rights under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc.
- On the same date, he accrued an additional 4.2155 phantom stock units as dividend equivalent rights under the Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc.
- The underlying common stock price for these accruals was $217.89 per share.
- Following these transactions, Botts beneficially owns 17,871.144 phantom stock units.
- Phantom stock awards convert 1-for-1 to common stock.
- Vesting and payout of these phantom stock units occur on the earliest of death, disability, or the vesting and payout of the underlying award to which the dividend equivalents relate.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The filing reports routine accruals of phantom stock as part of director compensation, which aligns director interests with shareholders. It's a standard disclosure without significant positive or negative implications for the company's operational or financial performance.
Positives
- Accrual of dividend equivalent rights indicates ongoing participation in company performance for a director.
- Increased beneficial ownership of phantom stock aligns the director's interests with those of shareholders.
Future Outlook
NA
Industry Context
This is a routine insider transaction disclosure (Form 4) and does not provide information relevant to broader industry trends or competitors. It reflects standard equity compensation practices for non-employee directors.
Stakeholder Impact
- Shareholders: Increased alignment of director's interests with shareholder value through equity-based compensation.
Key Dates
| Date | Description |
|---|---|
| 09/17/2025 | Date of earliest transaction for dividend equivalent rights accrual. |
| 09/18/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Enpro Inc., NPO, Thomas M. Botts, Form 4, Insider Trading, Phantom Stock, Dividend Equivalents, Director Compensation, Equity Compensation
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