Form 4: Enpro Inc. Director Felix M. Brueck Reports Changes in Beneficial Ownership

Director Felix M. Brueck reports acquisition of phantom stock units due to dividend equivalent rights.

Summary

• On March 19, 2025, Felix M. Brueck, a director of Enpro Inc., reported changes in beneficial ownership.
• Brueck acquired 21 phantom stock units due to dividend equivalent rights accrued under the Amended and Restated 2002 Equity Compensation Plan.
• He also acquired 17.6149 phantom stock units under the Deferred Compensation Plan for Non-Employee Directors.
• The price of the phantom stock is $175.76.
• The total phantom stock beneficially owned following the reported transactions is 21,903.0016.
• The phantom stock is held directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders.

Positives

• The acquisition of phantom stock units reflects continued alignment of director's interests with shareholder value through dividend equivalent rights.

Future Outlook

The vesting and payout of the phantom stock occur on the earliest of death, disability, or the vesting and payout of the underlying award.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Comparison to Industry Standards

• Director compensation packages often include phantom stock or similar equity-based awards to align management's interests with those of shareholders.
• Companies like Parker Hannifin and ITT Inc. also utilize equity compensation plans for their directors and executives.
• The specific terms and conditions of these plans, such as vesting schedules and dividend equivalent rights, can vary significantly across companies.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates

Keywords

Enpro Inc., Felix M. Brueck, phantom stock, dividend equivalent rights, beneficial ownership, Form 4, director