Form 4: Enpro Inc. Director William Abbey Reports Changes in Beneficial Ownership

Director William Abbey reports dividend equivalent rights accrued to previously acquired phantom stock under Enpro Inc.'s Deferred Compensation Plan.

Summary

• On June 20, 2024, William Abbey, a director of Enpro Inc., reported changes in beneficial ownership.
• The transaction involved dividend equivalent rights accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors.
• The dividend equivalent rights resulted in an acquisition of 0.8886 phantom stock units at a price of $146.91.
• Following the transaction, Abbey directly owns 436.0264 derivative securities (phantom stock).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider alignment with company performance. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock through dividend equivalent rights indicates a continued investment in the company's future by the director.
• The Deferred Compensation Plan for Non-Employee Directors aligns director compensation with company 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 report provides transparency to shareholders regarding director compensation and ownership.

Key Dates