Form 4: Enpro Inc. Director John Humphrey Reports Phantom Stock Acquisition

Director John Humphrey of Enpro Inc. reports the acquisition of phantom stock units through dividend equivalent rights.

Summary

• John Humphrey, a director at Enpro Inc., reported acquiring phantom stock units on December 18, 2024.
• The acquisition includes 16.1602 phantom stock units due to dividend equivalent rights accrued under the Deferred Compensation Plan for Non-Employee Directors.
• An additional 15 phantom stock units were acquired through dividend equivalent rights under the Amended and Restated 2002 Equity Compensation Plan.
• These phantom stock units are linked to Enpro Inc. common stock and vest upon the earliest of death, disability, or the vesting of the underlying award.
• The price of the underlying common stock at the time of the transaction was $175.86.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. The use of phantom stock and dividend equivalents is a common practice.

Positives

• The acquisition of phantom stock units indicates continued alignment of director interests with the company's performance.
• Dividend equivalent rights provide additional compensation to directors based on the company's performance.

Industry Context

This filing is a routine disclosure of a director's compensation in the form of phantom stock, which is a common practice in corporate governance.

Comparison to Industry Standards

• Phantom stock grants are a common form of equity compensation for directors in publicly traded companies.
• The use of dividend equivalent rights is also a standard practice to ensure directors benefit from the company's dividend payouts.
• The vesting conditions of the phantom stock are typical, aligning with standard corporate governance practices.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

phantom stock, dividend equivalent rights, director compensation, Enpro Inc., NPO, equity compensation, John Humphrey