Form 4: Enpro Director David L. Hauser Increases Phantom Stock Holdings Through Dividend Equivalents

Enpro Inc. Director David L. Hauser has increased his beneficial ownership of phantom stock units through the accrual of dividend equivalent rights, as reported in a recent SEC Form 4 filing.

Summary

• David L. Hauser, a Director of Enpro Inc. (NPO), reported changes in his beneficial ownership of derivative securities.
• On June 18, 2025, Mr. Hauser acquired 49 units of phantom stock through dividend equivalent rights accrued under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc.
• Additionally, on the same date, he acquired 14.2591 units of phantom stock through dividend equivalent rights accrued under the Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc.
• Both acquisitions were at a price of $185.86 per phantom stock unit.
• Following these transactions, Mr. Hauser's total beneficial ownership of phantom stock stands at 38,260.1331 units.
• The 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: The sentiment is slightly positive to neutral. The filing indicates a routine, non-cash increase in a director's beneficial ownership, which generally aligns interests without implying significant new strategic developments or financial performance changes.

Positives

• The increase in phantom stock holdings by a director, even through dividend equivalents, aligns the director's interests more closely with those of shareholders.
• The transactions are part of established compensation plans, indicating routine and expected accruals.

Future Outlook

The acquired phantom stock units will vest and be paid out on the earliest of the reporting person's death, disability, or the vesting and payout of the underlying phantom stock award to which these dividend equivalents relate.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, specifically related to director compensation. It reflects the ongoing operation of Enpro Inc.'s equity and deferred compensation plans for its non-employee directors, which is a common practice across publicly traded companies to align management and director interests with shareholders.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even through non-cash means, can be viewed positively as it further aligns the director's financial interests with those of the shareholders.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Vesting and payout of the underlying phantom stock awards to which the dividend equivalents relate, occurring on the earliest of death, disability, or the award's vesting/payout date.

Key Dates

Keywords

Enpro Inc., NPO, SEC Form 4, Insider Trading, Phantom Stock, Dividend Equivalent Rights, Director Compensation, Equity Compensation Plan, Deferred Compensation Plan, Beneficial Ownership