Form 4: Enpro Inc. Director Adele M. Gulfo Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Adele M. Gulfo reports the acquisition of phantom stock in Enpro Inc. due to dividend equivalent rights.
Summary
- On March 20, 2024, Adele M. Gulfo, a director of Enpro Inc., reported acquiring 8 shares of phantom stock.
- This acquisition is due to dividend equivalent rights accrued to previously granted phantom stock awards under the company's Amended and Restated 2002 Equity Compensation Plan.
- The price of the phantom stock is $159.77.
- Gulfo directly owns 4,019 derivative securities following the reported transaction, which includes multiple phantom stock grants, accruals, and previously accrued dividend equivalents.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't suggest any significant positive or negative sentiment.
Future Outlook
The vesting and payout of the phantom stock occurs on the earliest of death, disability, or the vesting and payout of the underlying award to which the dividend equivalents relate.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: acquisition of phantom stock. |
| 03/21/2024 | Date of signature on the report. |
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