Enerpac (NYSE: EPAC) director defers 3,134 phantom stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enerpac Tool Group director Danny L. Cunningham reported receiving an award of 3,134 shares of phantom stock on February 6, 2026 under the company’s 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 service.
Each phantom stock unit is convertible on a 1-for-1 basis into shares of Enerpac’s Class A common stock, and is settled in common stock after the director’s termination of service or a specified date. Following this transaction, Cunningham beneficially owns 47,315 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cunningham Danny L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 3,134 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 47,315 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 Tool Group (EPAC) report on this Form 4?
Enerpac Tool Group reported that director Danny L. Cunningham received 3,134 phantom stock units on February 6, 2026. The award was made under the Outside Director’s Compensation Plan as deferred restricted stock units linked to Enerpac’s Class A common stock.
How many Enerpac (EPAC) phantom stock units did the director receive and at what price?
Danny L. Cunningham received 3,134 phantom stock units at a price of $0 per unit. This reflects a compensation award rather than an open-market purchase, increasing his directly owned phantom stock holdings under the company’s compensation arrangements.
What is the total Enerpac (EPAC) phantom stock owned by the director after this transaction?
After this transaction, Danny L. Cunningham beneficially owns 47,315 phantom stock units directly. This figure includes the newly awarded 3,134 units and represents his total derivative holdings tied to Enerpac’s Class A common stock as reported.
How do Enerpac (EPAC) phantom stock units convert into Class A common stock?
Each Enerpac phantom stock unit converts into one share of Class A common stock on a 1-for-1 basis. The phantom stock is ultimately settled in common stock following the director’s termination of service or a specified date under the plan.
When do the Enerpac (EPAC) deferred restricted stock units granted to the director vest?
The deferred restricted stock units vest in full 50 weeks after the grant date, subject to the director’s continued service. After vesting, they remain deferred and are settled in Enerpac Class A common stock at termination of service or a specified date.
Is the Enerpac (EPAC) director’s phantom stock award part of an established compensation plan?
Yes. The filing states the director elected to defer a grant of restricted stock units pursuant to the Outside Director’s Compensation Plan. These units are structured as phantom stock and follow specific vesting and settlement terms outlined in that plan.