Form 4: Enpro Inc. Director Adele M. Gulfo Reports Acquisition of Phantom Stock

Director Adele M. Gulfo of Enpro Inc. reported the acquisition of 7 phantom stock units due to dividend equivalent rights.

Summary

• Adele M. Gulfo, a director at Enpro Inc., has reported a transaction involving phantom stock.
• The transaction occurred on December 18, 2024, and involved the acquisition of 7 phantom stock units.
• These units were acquired as dividend equivalent rights accrued to previously granted phantom stock awards.
• The phantom stock is linked to Enpro Inc.'s common stock.
• The price of the underlying common stock at the time of the transaction was $175.86.
• Following this transaction, Ms. Gulfo's total holdings include 4,042 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing of an insider transaction, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the company's equity compensation plan.

Comparison to Industry Standards

• The use of phantom stock and dividend equivalent rights is a common practice in executive compensation across various industries.
• Many companies use similar equity compensation plans to align the interests of management with those of shareholders.
• The reporting of these transactions is standard practice and is required by the SEC.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
• Shareholders may be interested in the details of executive compensation, but this transaction is not likely to significantly affect the share price.

Key Dates

Keywords

phantom stock, director, insider trading, dividend equivalent rights, equity compensation, Enpro Inc.