Enpro Inc. (NYSE: NPO) director receives grant of phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Botts Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
Enpro Inc. director Thomas M. Botts received a grant of phantom stock units under the company’s Deferred Compensation Plan for Non-Employee Directors. The award covers 57.8496 phantom stock units, each tied on a 1-for-1 basis to Enpro common stock and valued at $250.65 per unit for this grant.
Following this grant, Botts holds a total of 17,978.271 phantom stock units. The units have no expiration date and are exercisable and payable in connection with his retirement, aligning director compensation with long-term shareholder interests rather than representing an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Botts Thomas M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 57.85 | $250.65 | $15K |
Holdings After Transaction:
Phantom Stock — 17,978.271 shares (Direct)
Footnotes (1)
- 1-for-1 Share units acquired under the Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc. Upon retirement These shares do not have an expiration date and they are exercisable upon retirement
Key Figures
Phantom stock units granted: 57.8496 units
Grant reference price: $250.65 per unit
Total phantom units held after grant: 17,978.271 units
+2 more
5 metrics
Phantom stock units granted
57.8496 units
Grant under Deferred Compensation Plan for Non-Employee Directors on March 31, 2026
Grant reference price
$250.65 per unit
Transaction price per phantom stock unit for this award
Total phantom units held after grant
17,978.271 units
Phantom stock balance following the reported transaction
Underlying common stock linkage
1-for-1
Each phantom stock unit corresponds to one Enpro common share
Exercise price
$0.00
Phantom stock units credited with no cash exercise price
Key Terms
Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, 1-for-1, exercisable upon retirement, +1 more
5 terms
Phantom Stock financial
"security_title: Phantom Stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Non-Employee Directors financial
"Share units acquired under the Deferred Compensation Plan for Non-Employee Directors"
1-for-1 financial
"1-for-1"
exercisable upon retirement financial
"These shares do not have an expiration date and they are exercisable upon retirement"
phantom stock units financial
"The award covers 57.8496 phantom stock units"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
FAQ
What did Enpro Inc. (NPO) director Thomas M. Botts report in this Form 4?
Thomas M. Botts reported receiving 57.8496 phantom stock units as a compensation grant. These units are linked 1-for-1 to Enpro common stock and were credited under the Deferred Compensation Plan for Non-Employee Directors, increasing his total phantom holdings to 17,978.271 units.
How many Enpro Inc. (NPO) phantom stock units did Thomas M. Botts receive?
He received 57.8496 phantom stock units in this transaction. Each phantom unit corresponds 1-for-1 to a share of Enpro common stock, reflecting additional deferred compensation rather than an open-market purchase of shares by the director.
What is the reference price for the Enpro Inc. (NPO) phantom stock grant?
The phantom stock grant used a reference price of $250.65 per unit. This price is applied to 57.8496 phantom stock units credited to Thomas M. Botts as part of his non-employee director deferred compensation arrangement.
How many Enpro Inc. (NPO) phantom stock units does Thomas M. Botts hold after this grant?
After this grant, Thomas M. Botts holds 17,978.271 phantom stock units. This total reflects his accumulated deferred compensation under Enpro’s plan for non-employee directors, which tracks Enpro common stock on a 1-for-1 basis but pays out upon retirement.
When can the Enpro Inc. (NPO) phantom stock units granted to Thomas M. Botts be exercised?
The phantom stock units are exercisable upon retirement, with no stated expiration date. This means the units will be settled in connection with Thomas M. Botts’s retirement, reinforcing their role as long-term, deferred director compensation rather than short-term trading activity.
What plan governs the Enpro Inc. (NPO) phantom stock units reported in this Form 4?
The phantom stock units were acquired under the Deferred Compensation Plan for Non-Employee Directors of Enpro Industries, Inc. This plan credits share units on a 1-for-1 basis with common stock and is designed to defer and align director compensation with the company’s equity performance.