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 compensation plans.

Summary

• On March 19, 2025, Thomas M. Botts, a director of Enpro Inc., reported the acquisition of 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.
• A total of 26 shares of phantom stock were acquired under the equity compensation plan and 5.208 shares under the deferred compensation plan.
• The price of the underlying common stock was $175.76.
• Following the transaction, Botts beneficially owns 17,810.7868 shares and 17,815.9948 shares of phantom stock respectively.
• The phantom stock vests and pays out upon death, disability, or the vesting and payout of the underlying award.

Sentiment

Score: 6

Explanation: The document is a routine filing related to executive compensation, indicating a neutral sentiment. It reflects standard practices and doesn't suggest any significant positive or negative developments.

Positives

• The acquisition of phantom stock reflects the director's continued alignment with the company's performance.
• Dividend equivalent rights provide additional compensation to the director based on the company's dividend payouts.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The report provides transparency to shareholders regarding executive compensation.

Key Dates

Keywords

phantom stock, Enpro Inc., director, dividend equivalent rights, Form 4, Thomas M. Botts, NPO, equity compensation, deferred compensation