Form 4: Enpro Inc. Executive Steven R. Bower Reports Stock Option Grant
SEC Filing
Steven R. Bower, SVP, Controller and CAO of Enpro Inc., reports the acquisition of stock options on February 28, 2024.
Summary
- On February 28, 2024, Steven R. Bower, SVP, Controller and CAO of Enpro Inc., filed a Form 4.
- The filing reports the acquisition of 1,148 stock options with an exercise price of $156.20.
- These options vest in approximately equal thirds on February 28, 2025, February 28, 2026, and February 28, 2027, subject to continued employment.
- Following the transaction, Bower directly owns 1,148 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's securities.
Stakeholder Impact
- The granting of stock options aligns the executive's interests with those of the shareholders, incentivizing them to increase the company's value.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction and filing of Form 4. |
| 02/28/2025 | First vesting date for stock options. |
| 02/28/2026 | Second vesting date for stock options. |
| 02/28/2027 | Third vesting date for stock options. |
| 02/28/2034 | Expiration date for stock options. |
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