Form 4: Enpro Inc. Director Ronald C. Keating Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Ronald C. Keating reports acquisition of phantom stock under Enpro Inc.'s Deferred Compensation Plan.
Summary
- On June 30, 2024, Ronald C. Keating, a director of Enpro Inc., acquired 171.7387 shares of phantom stock.
- The acquisition was made under the Deferred Compensation Plan for Non-Employee Directors.
- The price of the derivative security was $145.57.
- Following the transaction, Keating directly owns 2,494.3599 derivative securities.
- The phantom stock is exercisable upon retirement and does not have an expiration date.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of stock acquisition under a deferred compensation plan.
Positives
- The acquisition of phantom stock by a director signals confidence in the company's future.
Future Outlook
The phantom stock is exercisable upon retirement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock by a director can positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction: Ronald C. Keating acquired phantom stock. |
| 07/01/2024 | Date of report: Angela P. Winter, attorney-in-fact, signed the report. |
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