Form 4: Enpro Inc. Director Felix M. Brueck Reports Phantom Stock Transactions

Director Felix M. Brueck of Enpro Inc. reported the acquisition of phantom stock units due to dividend equivalent rights.

Summary

• Felix M. Brueck, a director at Enpro Inc., reported acquiring phantom stock units on December 18, 2024.
• These acquisitions are due to dividend equivalent rights accrued on previously granted phantom stock awards.
• A total of 20 phantom stock units were acquired under the Amended and Restated 2002 Equity Compensation Plan.
• An additional 17.008 phantom stock units were acquired under the Deferred Compensation Plan for Non-Employee Directors.
• The price of the underlying common stock was $175.86 per share.
• The total number of phantom stock units held by Mr. Brueck after these transactions is 21,864.3867.

Sentiment

Score: 7

Explanation: The document is a routine filing of insider transactions, which is neither positive nor negative, but is expected. The sentiment is neutral to slightly positive as it reflects ongoing compensation practices.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants and dividend equivalent rights are common forms of compensation for directors in publicly traded companies.
• The vesting and payout terms described are typical for such awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to director compensation.

Key Dates

Keywords

phantom stock, dividend equivalent rights, Enpro Inc., director, equity compensation, deferred compensation, Form 4, insider trading