Form 4: Enpro Inc. Director Reports Routine Accrual of Phantom Stock Dividend Equivalents

Enpro Inc. Director Adele M. Gulfo reported the accrual of dividend equivalent rights on previously granted phantom stock awards, increasing her beneficial ownership to 4,895.779 units.

Summary

• Adele M. Gulfo, a Director of Enpro Inc. (NPO), reported changes in her beneficial ownership of phantom stock.
• On June 18, 2025, Ms. Gulfo acquired 7 phantom stock units as dividend equivalent rights under the Amended and Restated 2002 Equity Compensation Plan.
• Additionally, on the same date, she acquired 0.2577 phantom stock units as dividend equivalent rights under the Deferred Compensation Plan for Non-Employee Directors.
• Both accruals were valued at $185.86 per phantom stock unit.
• Following these transactions, Ms. Gulfo's total beneficial ownership of phantom stock units increased to 4,895.779.
• The vesting and payout of these phantom stock units occur on the earliest of death, disability, or the vesting and payout of the underlying award to which the dividend equivalents relate.

Sentiment

Score: 6

Explanation: The document reports a routine accrual of dividend equivalent rights on phantom stock for a director, which is a standard part of compensation and does not indicate significant positive or negative company performance or strategic shifts.

Positives

• Director Adele M. Gulfo accrued additional phantom stock units through dividend equivalent rights, indicating continued participation in the company's equity compensation plans.
• The transaction reflects a routine and expected component of director compensation, aligning director interests with shareholder value through equity participation.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider's beneficial ownership changes.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity compensation and does not provide broader industry context or trends. It reflects standard corporate governance practices regarding director compensation.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and has minimal direct impact on shareholders, other than reflecting standard director compensation practices.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Vesting and payout of the phantom stock units will occur on the earliest of death, disability, or the vesting and payout of the underlying award.

Key Dates

Keywords

Enpro Inc., NPO, SEC Form 4, Insider Transaction, Beneficial Ownership, Phantom Stock, Dividend Equivalents, Director Compensation, Equity Compensation Plan