NPO Insider Filing: Small Phantom Stock Credit to Director Abbey

Rhea-AI Filing Summary

Form 4 filing for Enpro Inc. (NPO) discloses that director William Abbey received 1.7771 phantom stock units on 06/18/2025 through the company’s Deferred Compensation Plan for Non-Employee Directors. The units are credited as dividend-equivalent rights at an equivalent price of $185.86 per share.

After this routine accrual, Abbey’s total direct holding rises to 1,067.2514 phantom units. Vesting and payout will occur only upon death, disability, or settlement of the underlying award; no common shares were bought or sold on the open market, and no disposal was reported.

Because the transaction involves fewer than two share-equivalent units and is part of a long-standing deferred compensation program, it is considered immaterial to Enpro’s share float and does not signal a change in insider sentiment or corporate strategy.

Insights

Financial Analyst

TL;DR: Routine phantom-stock accrual; insignificant size, neutral for valuation or insider-sentiment interpretation.

This Form 4 reflects an automatic dividend-equivalent credit—1.7771 phantom units worth roughly $330—under Enpro’s non-employee director plan. No cash outlay, no market purchase, and no dilution occur. Abbey’s cumulative phantom holdings now total about 1,067 units, still immaterial versus Enpro’s 20 + million share float. The filing neither strengthens nor weakens the investment thesis and is best viewed as administrative.

Corporate Governance Expert

TL;DR: Standard deferred-compensation bookkeeping; no governance red flags detected.

The credit arises from a board-approved plan open to all outside directors, aligning director compensation with shareholder value via phantom equity. The absence of sales supports good alignment, and the minute amount underscores its routine nature. Therefore the governance impact is neutral, and investors need not adjust risk assessments based on this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Abbey William

(Last) (First) (Middle)

5605 CARNEGIE BLVD.

SUITE 500

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Enpro Inc. [ NPO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	06/18/2025		A(2)		1.7771		(3)	(3)	Common Stock	1.7771	$185.86	1,067.2514(4)	D

Explanation of Responses:

1. 1-for-1

2. 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.

3. 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.

4. Balance includes multiple phantom stock grants, phantom stock accruals and previously accrued dividend equivalents.

	Angela P. Winter, attorney-in-fact of William Abbey	06/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many shares were involved in the June 18 2025 Form 4 for Enpro (NPO)?

1.7771 phantom stock units were credited to director William Abbey.

Was the Form 4 transaction an open-market purchase of Enpro common stock?

No. It was a phantom stock dividend-equivalent accrual, not a market transaction.

What is William Abbey's total phantom stock holding after the transaction?

Abbey now holds 1,067.2514 phantom stock units directly.

Does the reported phantom stock vest immediately?

Vesting and payout occur upon death, disability, or payout of the underlying award, not immediately.

Is the Form 4 filing material to Enpro’s share count or valuation?

No. The transaction involves less than two share-equivalent units, rendering it immaterial.