Enpro (NPO) director Botts receives new phantom stock and dividend equivalents
Rhea-AI Filing Summary
Enpro Inc. director Thomas M. Botts reported additional phantom stock awards linked 1-for-1 to Enpro common stock. On the reported date, he acquired 19.0000 phantom stock units and a further 3.7947 units as dividend equivalent rights, taking his phantom stock balance to 17,920.4214 units. These awards accrue under Enpro’s equity and deferred compensation plans, with vesting and payout generally tied to death, disability, or the vesting and payout of the related underlying awards. The transactions are compensation-related accruals rather than open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 19 | $250.59 | $5K |
| Grant/Award | Phantom Stock | 3.795 | $250.59 | $950.91 |
Footnotes (1)
- 1-for-1 Dividend equivalent rights accrued to previously granted phantom stock awards under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc. Vesting and payout occurs on the earliest of death, disability or the vesting and payout of the underlying award with respect to which the dividend equivalents relate. Balance includes multiple phantom stock grants, phantom stock accruals and previously accrued dividend equivalents. Dividend equivalent rights accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc.
FAQ
What insider activity did Enpro Inc. (NPO) director Thomas M. Botts report?
What is phantom stock in the context of Enpro Inc. (NPO)?
How many phantom stock units does Thomas M. Botts now hold at Enpro Inc. (NPO)?
Were the Enpro Inc. (NPO) phantom stock transactions open-market buys or sells?
How do dividend equivalent rights work for Enpro Inc. (NPO) phantom stock?
When do Enpro Inc. (NPO) phantom stock and dividend equivalents vest and pay out?