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

Director Adele M. Gulfo reports acquisition of phantom stock units under Enpro Inc.'s Deferred Compensation Plan for Non-Employee Directors.

Summary

• Adele M. Gulfo, a director of Enpro Inc., filed a Form 4 on April 1, 2025, reporting a transaction that occurred on March 31, 2025.
• The transaction involved the acquisition of 154.5213 units of phantom stock under the Deferred Compensation Plan for Non-Employee Directors.
• These share units were acquired at a price of $161.79 each.
• Following the reported transaction, Ms. Gulfo beneficially owns 4,888.5213 units of phantom stock directly.
• The phantom stock is convertible to common stock on a 1-for-1 basis and is exercisable upon retirement with no expiration date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of phantom stock by a director is generally viewed as a positive sign, but it's not a major event.

Positives

• The acquisition of phantom stock by a director signals confidence in the company's future performance.
• The Deferred Compensation Plan for Non-Employee Directors aligns the interests of directors with those of shareholders.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Phantom stock plans are a common way to compensate and incentivize non-employee directors.

Stakeholder Impact

• The acquisition of phantom stock by a director aligns their interests with those of shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

Form 4, Enpro Inc., Phantom Stock, Director, Deferred Compensation, Beneficial Ownership, NPO, Adele M. Gulfo