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 the company's equity compensation and deferred compensation plans.

Summary

• On March 20, 2024, Thomas M. Botts, a director of Enpro Inc., reported the acquisition of phantom stock.
• The acquisition is due to dividend equivalent rights accrued under the Amended and Restated 2002 Equity Compensation Plan and the Deferred Compensation Plan for Non-Employee Directors.
• Botts acquired 28 shares of phantom stock at a price of $159.77, resulting in a total holding of 17,679.6295 shares.
• Additionally, Botts acquired 5.5028 shares of phantom stock under the Deferred Compensation Plan, bringing the total to 17,685.1323 shares.
• The phantom stock vests and is paid out upon the earliest of death, disability, or the vesting and payout of the underlying award.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock acquisitions due to dividend rights. It doesn't contain information that would drastically shift investor sentiment.

Positives

• The acquisition of phantom stock through dividend equivalent rights indicates a continued investment in the company by a director.
• The dividend equivalent rights provide additional compensation to the director based on the company's performance.

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 may have a minor positive impact on shareholder confidence.

Key Dates