Enerpac (EPAC) director defers 3,134 phantom stock units as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enerpac Tool Group director Sidney S. II Simmons reported an award of derivative equity tied to the company’s stock. On February 6, 2026, he acquired 3,134 phantom stock units at a price of $0 under the Outside Director’s Compensation Plan.
These units represent deferred restricted stock units that vest in full 50 weeks after the grant date, subject to continued board service, and are settled in Class A common stock after his service ends or on a specified future date. Following this grant, he holds 32,708 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simmons Sidney S. II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 3,134 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 32,708 shares (Direct)
Footnotes (1)
- Pursuant to Outside Director's Compensation Plan, the director elected to defer the grant of restricted stock units, which vest in full 50 weeks after the date if the grant (subject to continued service) and are settled in common stock following the director's termination of service or a specified date. The phantom stock is converted 1 for 1 into shares of Class A Common Stock.
FAQ
What insider transaction did Enerpac (EPAC) director Sidney S. II Simmons report?
Sidney S. II Simmons reported receiving 3,134 phantom stock units as part of Enerpac’s Outside Director’s Compensation Plan. The units were granted at a $0 price and increase his directly held phantom stock balance to 32,708 derivative units linked to Class A common stock.
When do Sidney S. II Simmons’s Enerpac (EPAC) phantom stock units vest?
The phantom stock units vest in full 50 weeks after the grant date, provided the director continues serving on the board. This schedule applies to the 3,134 units granted on February 6, 2026, under the Outside Director’s Compensation Plan described in the Form 4 footnotes.
Is the Enerpac (EPAC) Form 4 transaction an open-market stock purchase or sale?
The Enerpac Form 4 shows an award of phantom stock units at a $0 price, not an open-market purchase or sale. It reflects deferred director compensation rather than a discretionary trade in the company’s Class A common shares on the public market.
How many Enerpac (EPAC) derivative securities does the director hold after this transaction?
After the February 6, 2026 transaction, the director beneficially owns 32,708 phantom stock derivative units. Each unit represents the right to receive one share of Enerpac Class A common stock upon settlement, subject to the plan’s vesting and timing conditions described in the filing.
What is the role of Enerpac’s Outside Director’s Compensation Plan in this Form 4?
Enerpac’s Outside Director’s Compensation Plan allows the director to defer restricted stock unit grants as phantom stock. The reported 3,134-unit award arises from this plan, vesting after 50 weeks and settling in Class A common stock upon termination of service or a chosen future date.