Form 4: Enpro Director William Abbey Acquires Phantom Stock

Enpro Inc. Director William Abbey reported the acquisition of 1.9793 phantom stock units through dividend equivalent rights.

Summary

• William Abbey, a Director of Enpro Inc. (NPO), reported an acquisition of phantom stock.
• The transaction date for the acquisition was December 17, 2025.
• Abbey acquired 1.9793 units of phantom stock.
• This acquisition resulted from dividend equivalent rights accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors.
• The phantom stock units were valued at $205.19 per unit.
• Following this transaction, William Abbey beneficially owns a total of 1,312.0685 phantom stock units.
• 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: 5

Explanation: The filing reports a routine acquisition of phantom stock through dividend equivalent rights by a director, which is a standard part of executive compensation plans and does not indicate significant positive or negative sentiment.

Positives

• Director William Abbey increased his beneficial ownership of phantom stock by 1.9793 units through dividend equivalent rights, reflecting continued participation in the company's equity plan.
• The transaction is a routine accrual of benefits under the established Deferred Compensation Plan for Non-Employee Directors.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of phantom stock by Director William Abbey is part of the Deferred Compensation Plan for Non-Employee Directors, a standard related-party compensation arrangement.

Stakeholder Impact

• Shareholders: The transaction is a routine part of director compensation and has a minimal, standard impact on potential future dilution from phantom stock payouts.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction involving the accrual of phantom stock through dividend equivalent rights, which is a standard component of director compensation. It does not provide new material information that would alter the fundamental investment thesis for Enpro Inc., thus a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

Enpro Inc., NPO, William Abbey, Director, Phantom Stock, SEC Form 4, Insider Transaction, Deferred Compensation