Enpro Inc. (NYSE: NPO) director receives grant of phantom stock units
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 57.8496 | $250.65 | $15K |
Footnotes (4)
- F1. 1-for-1
- F2. Share units acquired under the Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc.
- F3. Upon retirement
- F4. These shares do not have an expiration date and they are exercisable upon retirement
Key Figures
Key Terms
Phantom Stock financial
Deferred Compensation Plan for Non-Employee Directors financial
1-for-1 financial
exercisable upon retirement financial
phantom stock units financial
FAQ
What did Enpro Inc. (NPO) director Thomas M. Botts report in this Form 4?
How many Enpro Inc. (NPO) phantom stock units did Thomas M. Botts receive?
What is the reference price for the Enpro Inc. (NPO) phantom stock grant?
How many Enpro Inc. (NPO) phantom stock units does Thomas M. Botts hold after this grant?
When can the Enpro Inc. (NPO) phantom stock units granted to Thomas M. Botts be exercised?
What plan governs the Enpro Inc. (NPO) phantom stock units reported in this Form 4?
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