Form 4: Enpro Inc. Director William Abbey Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director William Abbey reports acquisition of phantom stock in Enpro Inc. through a deferred compensation plan.
Summary
- On March 31, 2024, William Abbey, a director of Enpro Inc., acquired 148.1306 shares of phantom stock through the Deferred Compensation Plan for Non-Employee Directors.
- The price of the phantom stock was $168.77 per share.
- Following the transaction, Abbey directly owns 435.1378 shares of phantom stock.
- The phantom stock is exercisable upon retirement and does not have an expiration date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Positives
- The acquisition of phantom stock through a deferred compensation plan aligns the director's interests with the long-term performance of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of phantom stock acquisition |
| 04/01/2024 | Date of Form 4 filing |
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