Form 4: Enpro Inc. VP and CIO, Larisa R. Joiner, Reports Acquisition of Restricted Stock Units

Larisa R. Joiner, VP and CIO of Enpro Inc., reports the acquisition of 660 restricted stock units (RSUs) under the company's 2020 Equity Compensation Plan.

Summary

• On February 13, 2025, Larisa R. Joiner, VP and CIO of Enpro Inc., acquired 660 restricted stock units (RSUs).
• These RSUs were awarded 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 sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the executive and aligning their interests with shareholders.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This type of equity compensation is common for executives in publicly traded companies to incentivize performance and align interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to executives is a standard practice among publicly traded companies, including Enpro Inc.'s competitors in the industrial sector.
• Companies like Flowserve, ITT Inc., and Roper Technologies also utilize RSUs as part of their executive compensation packages.
• The vesting schedules and terms of these grants often vary based on company performance and individual contributions, but the general structure is similar across the industry.

Stakeholder Impact

• Shareholders: The grant aligns executive interests with shareholder value.
• Employees: The grant may serve as a positive signal regarding the company's commitment to its leadership.

Key Dates