Form 4: Enpro Inc. Director Thomas M. Botts Reports Acquisition of Phantom Stock Units

Director Thomas M. Botts of Enpro Inc. reported the acquisition of phantom stock units due to dividend equivalent rights.

Summary

• Thomas M. Botts, a director at Enpro Inc., has reported acquiring additional phantom stock units.
• These acquisitions are a result of dividend equivalent rights accrued to previously granted phantom stock awards.
• A total of 25 phantom stock units were acquired under the Amended and Restated 2002 Equity Compensation Plan.
• An additional 5.0286 phantom stock units were acquired under the Deferred Compensation Plan for Non-Employee Directors.
• The price of the underlying common stock for these acquisitions was $175.86 per share.
• The total phantom stock holdings for Mr. Botts now stand at 17,784.7868 units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively by investors. It indicates alignment of interests.

Positives

• The acquisition of phantom stock units indicates continued alignment of director interests with shareholder value.
• Dividend equivalent rights provide additional compensation to directors based on company performance.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants are a common form of equity compensation for directors in publicly traded companies.
• The use of dividend equivalent rights is also a standard practice to ensure directors benefit from company performance.
• The specific terms of the plans are typical for companies of Enpro's size and industry.

Stakeholder Impact

• The acquisition of phantom stock units aligns director interests with shareholder value.
• This type of compensation is generally viewed positively by shareholders as it incentivizes directors to improve company performance.

Key Dates

Keywords

phantom stock, dividend equivalent rights, Enpro Inc., director, equity compensation, Form 4, insider trading