Form 4: Enpro Inc. Director John Humphrey Reports Changes in Beneficial Ownership
SEC Form 4
Director John Humphrey reports acquisition of phantom stock units due to dividend equivalent rights under Enpro's compensation plans.
Summary
- On September 18, 2024, John Humphrey, a director of Enpro Inc., reported changes in beneficial ownership.
- The changes involve the acquisition of phantom stock units due to dividend equivalent rights accrued under Enpro's Deferred Compensation Plan for Non-Employee Directors and the Amended and Restated 2002 Equity Compensation Plan.
- Specifically, 17.4331 phantom stock units were acquired under the Deferred Compensation Plan and 17 phantom stock units were acquired under the 2002 Equity Compensation Plan, both at a price of $156.77.
- Following these transactions, Humphrey's total holdings amount to 17,675.0394 phantom stock units.
- The phantom stock units are payable upon death, disability, or the vesting and payout of the underlying award.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices, indicating stability and adherence to established plans. It is neither overwhelmingly positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Date of transaction: Acquisition of phantom stock units. |
| 09/19/2024 | Date of signature by Attorney-in-Fact. |
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