Enerpac Tool Group (NYSE: EPAC) director receives 3,134 phantom stock units in deferred equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enerpac Tool Group director Lynn C. Minella reported an award of 3,134 phantom stock units on February 6, 2026 under the company’s Outside Director's Compensation Plan. These units were received at a price of $0 and increase her derivative holdings to 16,657 phantom stock units.
The director elected to defer a grant of restricted stock units, which vest in full 50 weeks after the grant date, subject to continued board service. After vesting, the phantom stock will be settled in shares of Class A common stock on the director’s termination of service or a specified date, on a 1-for-1 basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MINELLA LYNN C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 3,134 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 16,657 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 did Enerpac (EPAC) director Lynn C. Minella report on this Form 4?
Lynn C. Minella reported receiving 3,134 phantom stock units on February 6, 2026. These units were granted at a price of $0 and increased her total derivative holdings to 16,657 phantom stock units, all related to Enerpac Tool Group Class A common stock.
What is the nature of the phantom stock granted to the EPAC director?
The phantom stock represents deferred restricted stock units granted under Enerpac’s Outside Director's Compensation Plan. Each unit will ultimately be settled in one share of Class A common stock, providing equity-linked compensation aligned with the company’s stock performance for the non-employee director.
When do the deferred restricted stock units for Enerpac (EPAC) vest?
The deferred restricted stock units vest in full 50 weeks after the grant date. Vesting is conditional on the director’s continued service on the board during that period, aligning compensation with ongoing governance responsibilities at Enerpac Tool Group.
How and when will Enerpac (EPAC) phantom stock units be settled?
After vesting, the phantom stock units will be settled in shares of Enerpac Class A common stock. Settlement occurs following the director’s termination of service or on a specified date, with each phantom unit converting into one share of common stock.
How many Enerpac (EPAC) derivative securities does the director hold after this transaction?
Following the February 6, 2026 grant, the director beneficially owns 16,657 phantom stock derivative securities. These holdings reflect accumulated deferred equity-based compensation that will ultimately be settled in Class A common stock on a one-for-one conversion basis.