Form 4: Enpro Director William Abbey Boosts Phantom Stock Holdings

Enpro Inc. Director William Abbey acquired 116.7515 phantom stock units on December 31, 2025, under the company's deferred compensation plan, increasing his total beneficial ownership to 1,428.82 units.

Summary

• William Abbey, a Director of Enpro Inc. (NPO), acquired 116.7515 phantom stock units.
• The transaction occurred on December 31, 2025.
• These units were acquired under the Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc.
• Each phantom stock unit was valued at $214.13.
• Following this transaction, William Abbey beneficially owns a total of 1,428.82 phantom stock units.
• The phantom stock units are exercisable upon retirement and do not have an expiration date.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing their beneficial ownership, indicating continued alignment with the company's long-term performance, even if through a deferred compensation plan rather than an open market purchase.

Positives

• A Director is increasing their beneficial ownership in the company, which can signal confidence in the company's future performance.
• The acquisition is part of a structured deferred compensation plan, aligning director interests with long-term shareholder value.

Negatives

• The acquisition is of phantom stock units, not direct common stock, meaning it does not represent an immediate direct equity investment or open market purchase.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to director compensation and does not provide specific insights into broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• Acquisition of phantom stock units by a director under a company-sponsored deferred compensation plan.

Stakeholder Impact

• Shareholders: Potentially positive, as it indicates continued alignment of a director's interests with the company's long-term performance.

Next Steps

• The acquired phantom stock units will become exercisable upon William Abbey's retirement.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a director under a deferred compensation plan. While it shows continued alignment of director interests, it is not an open market purchase and does not provide new material information that would warrant a change in investment recommendation. The transaction is an expected part of director compensation.

Keywords

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