Form 4: Enpro Inc. Executive Steven R. Bower Reports Acquisition of Restricted Stock Units

Steven R. Bower, SVP, Controller and CAO of Enpro Inc., reports the acquisition of 576 restricted stock units (RSUs) on February 13, 2025, under the company's 2020 Equity Compensation Plan.

Summary

• On February 13, 2025, Steven R. Bower, SVP, Controller and CAO of Enpro Inc. (NPO), acquired 576 restricted stock units.
• These RSUs were granted under the Enpro Industries, Inc. 2020 Equity Compensation Plan.
• Each RSU represents a contingent right to receive one share of NPO common stock and cash payment equal to dividends paid on a share of common stock since the date of grant.
• The RSUs will vest in approximately equal thirds on February 13, 2026, February 13, 2027, and February 13, 2028, subject to continued employment.
• The price of the stock at the time of the transaction was $182.27.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a positive alignment of interests between management and shareholders. The vesting schedule promotes long-term commitment.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued employment and commitment to the company's long-term success.

Future Outlook

The vesting of the RSUs is contingent upon continued employment with Enpro Inc.

Industry Context

Equity compensation is a common practice in publicly traded companies to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• RSU grants are a standard form of executive compensation, often used by companies similar to Enpro Inc. to attract and retain talent.
• Vesting schedules of three years are typical for RSU grants, aligning with industry norms for long-term incentive plans.
• Companies like Flowserve, IDEX Corporation, and Colfax Corporation also utilize similar equity compensation plans for their executives.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive interests with shareholder value creation.
• Employees: The equity compensation plan can contribute to overall employee morale and retention.

Key Dates