Form 4: Enpro Inc. Director William Abbey Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director William Abbey reports dividend equivalent rights accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors of Enpro Inc.
Summary
- On March 19, 2025, William Abbey, a director of Enpro Inc., reported changes in his beneficial ownership of company securities.
- The transaction involved dividend equivalent rights accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors.
- Abbey acquired 1.6039 shares of phantom stock at a price of $175.76.
- Following the transaction, Abbey beneficially owns 910.953 derivative securities.
- The phantom stock vests and payout occurs on the earliest of death, disability or the vesting and payout of the underlying award with respect to which the dividend equivalents relate.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity within Enpro's deferred compensation plan for non-employee directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to the internal compensation structure for non-employee directors.
Key Dates
| Date | Description |
|---|---|
| 03/19/2025 | Date of transaction: Acquisition of phantom stock due to dividend equivalent rights. |
| 03/20/2025 | Date of signature by attorney-in-fact. |
Keywords
Form 4, Beneficial Ownership, Enpro Inc., William Abbey, Phantom Stock, Dividend Equivalent Rights, Director, NPO
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