Form 4: Enpro Inc. Director William Abbey Reports Acquisition of Phantom Stock

Director William Abbey reports acquiring phantom stock in Enpro Inc. through dividend equivalent rights.

Summary

• On September 18, 2024, William Abbey, a director of Enpro Inc., acquired 1.163 units of phantom stock.
• This acquisition was due to dividend equivalent rights accrued under the Deferred Compensation Plan for Non-Employee Directors.
• The price of the phantom stock is $156.77.
• Following the transaction, Abbey directly owns 608.9281 units of phantom stock.
• The vesting and payout of the phantom stock occur upon death, disability, or the vesting and payout of the underlying award.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating a director's acquisition of phantom stock through dividend rights, which is generally neutral to slightly positive as it aligns director interests with company performance.

Positives

• The acquisition of phantom stock through dividend equivalent rights suggests a continued alignment of the director's interests with 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 can positively influence shareholder confidence by aligning management's interests with shareholder value.

Key Dates