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

Director Adele M. Gulfo reports the acquisition of phantom stock related to dividend equivalent rights under Enpro Inc.'s equity compensation plan.

Summary

• On September 18, 2024, Adele M. Gulfo, a director of Enpro Inc., reported the acquisition of phantom stock.
• The acquisition is related to dividend equivalent rights accrued to previously granted phantom stock awards under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc.
• Gulfo acquired 8 phantom stock units at a price of $156.77 per unit.
• 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.
• Following the reported transaction, Gulfo beneficially owns 4,035 phantom stock units, which includes multiple grants, accruals, and previously accrued dividend equivalents.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency into the holdings of company directors. It is common for companies to grant equity-based compensation, such as phantom stock, to align the interests of management and shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and dividend equivalent rights.

Key Dates