Form 4: Enpro Inc. Director Reports Acquisition of Phantom Stock

Director Adele M. Gulfo reports the acquisition of phantom stock related to dividend equivalent rights under Enpro Inc.'s equity compensation plan.

Summary

• On June 20, 2024, Adele M. Gulfo, a director of Enpro Inc., reported the acquisition of phantom stock.
• The acquisition is related to dividend equivalent rights accrued to previously granted phantom stock awards under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc.
• Gulfo acquired 8 phantom stock units at a price of $146.91.
• The balance of phantom stock beneficially owned following the reported transaction is 4,027 units.
• Vesting and payout of the phantom stock occurs on the earliest of death, disability, or the vesting and payout of the underlying award.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of phantom stock related to dividend equivalents, which is a common practice in executive compensation.

Stakeholder Impact

• The acquisition of phantom stock by a director may have a minor positive impact on shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates