Form 4: Enpro Inc. Director William Abbey Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director William Abbey reports acquisition of phantom stock in Enpro Inc. due to dividend equivalent rights.
Summary
- William Abbey, a director of Enpro Inc., reported a transaction on March 20, 2024, involving phantom stock.
- The transaction involved the acquisition of 0.5379 shares of phantom stock due to dividend equivalent rights accrued under the Deferred Compensation Plan for Non-Employee Directors.
- The price of the phantom stock is $159.77.
- Following the transaction, Abbey beneficially owns 287.0072 shares of phantom stock.
- The phantom stock vests and is paid out upon death, disability, or the vesting and payout of the underlying award.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant event for Enpro Inc. or the broader industrial sector.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of phantom stock transaction |
| 03/21/2024 | Date of report signature |
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