Form 4: Enpro Inc. Director Kees van der Graaf Reports Changes in Beneficial Ownership
SEC Filing
Director Kees van der Graaf reports an acquisition of phantom stock due to dividend equivalent rights.
Summary
- Kees van der Graaf, a director of Enpro Inc., filed a Form 4 with the SEC.
- The filing reports a transaction on March 20, 2024, involving phantom stock.
- Mr. van der Graaf acquired 28 units of phantom stock due to dividend equivalent rights accrued under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc.
- The price of the phantom stock is $159.77.
- Following the transaction, Mr. van der Graaf beneficially owns 18,856 derivative securities.
- The phantom stock vests and is paid out upon death, disability, or the vesting and payout of the underlying award.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation plans.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction involving phantom stock acquisition. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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