Form 4: Enpro Inc. Director Thomas M. Botts Reports Acquisition of Phantom Stock Due to Dividend Equivalent Rights

Director Thomas M. Botts reports acquiring phantom stock in Enpro Inc. due to dividend equivalent rights accrued under company compensation plans.

Summary

• On June 20, 2024, Thomas M. Botts, a director of Enpro Inc., acquired additional phantom stock due to dividend equivalent rights.
• These rights accrued under the Amended and Restated 2002 Equity Compensation Plan and the Deferred Compensation Plan for Non-Employee Directors.
• Botts acquired 30 shares of phantom stock under the Equity Compensation Plan and 5.9958 shares under the Deferred Compensation Plan.
• The price of the underlying common stock for these acquisitions was $146.91 per share.
• Following these transactions, Botts beneficially owns 17,721.1281 shares of phantom stock.
• The phantom stock vests and is paid out upon death, disability, or the vesting and payout of the underlying award.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it aligns executive interests with shareholder returns.

Positives

• The acquisition of phantom stock reflects the director's continued alignment with the company's performance through dividend equivalent rights.

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 aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates