Enpro (NPO) director Botts receives new phantom stock and dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Botts Thomas M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 19 | $250.59 | $5K |
| Grant/Award | Phantom Stock | 3.795 | $250.59 | $950.91 |
Holdings After Transaction:
Phantom Stock — 17,916.627 shares (Direct)
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?
Thomas M. Botts reported the acquisition of additional phantom stock units as compensation. He received 19.0000 units plus 3.7947 dividend-equivalent units, increasing his phantom stock balance to 17,920.4214 units, all tied on a 1-for-1 basis to Enpro common stock.
What is phantom stock in the context of Enpro Inc. (NPO)?
Phantom stock is a deferred compensation instrument that tracks Enpro’s common stock value 1-for-1. Botts’ units accrue under Enpro equity and deferred compensation plans, with future vesting and payout typically mirroring the underlying stock awards rather than involving current cash or share transactions.
How many phantom stock units does Thomas M. Botts now hold at Enpro Inc. (NPO)?
After the latest accruals, Botts holds 17,920.4214 phantom stock units. This figure includes multiple prior phantom stock grants, additional phantom stock accruals, and previously accumulated dividend equivalents under Enpro’s equity and deferred compensation plans for non-employee directors.
Were the Enpro Inc. (NPO) phantom stock transactions open-market buys or sells?
No, these were not open-market buys or sells. The Form 4 records compensation-related acquisitions coded as grants and dividend equivalent accruals in phantom stock, rather than purchases or sales of Enpro common stock on the open market.
How do dividend equivalent rights work for Enpro Inc. (NPO) phantom stock?
Dividend equivalent rights credit additional phantom stock units when Enpro pays dividends on its common stock. For Botts, 3.7947 units accrued as dividend equivalents tied to previously granted or acquired phantom stock under Enpro’s equity and deferred compensation plans.
When do Enpro Inc. (NPO) phantom stock and dividend equivalents vest and pay out?
Vesting and payout occur on the earliest of death, disability, or the vesting and payout of the related underlying award. This means Botts’ phantom stock and dividend equivalents generally follow the timing of the associated Enpro stock-based compensation awards.