Form 4: Enpro Inc. Director John Humphrey Reports Changes in Beneficial Ownership

Director John Humphrey reports acquisition of phantom stock units due to dividend equivalent rights under Enpro's compensation plans.

Summary

• On March 20, 2024, John Humphrey, a director of Enpro Inc., reported the acquisition of additional phantom stock units.
• These units were acquired due to dividend equivalent rights accruing to previously acquired phantom stock under Enpro's Deferred Compensation Plan for Non-Employee Directors and the Amended and Restated 2002 Equity Compensation Plan.
• A total of 17.1202 phantom stock units were acquired under the Deferred Compensation Plan and 16 phantom stock units were acquired under the Amended and Restated 2002 Equity Compensation Plan.
• The price of the underlying common stock for these acquisitions was $159.77 per share.
• Following these transactions, Humphrey's total holdings of phantom stock units amount to 17,604.4072.
• The phantom stock units vest and payout upon death, disability, or the vesting and payout of the underlying award.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading and provide investors with insights into the actions of company insiders.

Stakeholder Impact

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

Key Dates