Form 4: Enpro Inc. Director David L. Hauser Reports Changes in Beneficial Ownership

Director David L. Hauser reports acquisition of phantom stock units due to dividend equivalent rights under Enpro Inc.'s compensation plans.

Summary

• On September 18, 2024, David L. Hauser, a director of Enpro Inc., reported changes in his beneficial ownership of company stock.
• The changes involve the acquisition of phantom stock units due to dividend equivalent rights.
• 56 phantom stock units were acquired under the Amended and Restated 2002 Equity Compensation Plan.
• An additional 16.2719 phantom stock units were acquired under the Deferred Compensation Plan for Non-Employee Directors.
• The price of the phantom stock is $156.77.
• Following these transactions, Hauser's direct ownership includes 38,065.2887 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and suggests a stable financial position allowing for dividend equivalents. It is a neutral to slightly positive indicator.

Positives

• The acquisition of phantom stock units through dividend equivalent rights suggests a positive financial performance by Enpro Inc. that allows for such distributions.

Future Outlook

The document does not contain any specific forward-looking statements regarding Enpro Inc.'s future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies. It reflects the company's commitment to aligning executive incentives with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity compensation plans, including phantom stock awards and dividend equivalent rights, are common in publicly traded companies like Enpro Inc.
• Companies such as Roper Technologies and Fortive also utilize similar compensation strategies to incentivize their executives.
• The specific terms and conditions of these plans vary, but the underlying goal is to align management's interests with those of shareholders.

Stakeholder Impact

• The changes in beneficial ownership have a minimal direct impact on stakeholders.
• The equity compensation structure aims to align management's interests with those of shareholders, potentially driving long-term value.

Key Dates