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NPO Form 4: Adele Gulfo Receives Dividend-Equivalent Phantom Stock

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Enpro Inc. (NPO) director Adele M. Gulfo filed a Form 4 reflecting routine, non-market phantom-stock transactions dated 18 Jun 2025. Two dividend-equivalent credits under the company’s equity and deferred-compensation plans added 7.2577 phantom shares at an accounting price of $185.86 each. After the automatic accruals, Gulfo’s total phantom-stock holding rose to 4,895.779 shares, recorded as direct beneficial ownership. No open-market purchases or sales of Enpro common stock occurred, and the filing does not indicate any change in board status or trading plans. The activity is administrative and carries negligible impact on Enpro’s capital structure or public float.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine phantom-stock accrual; no cash outlay, no market impact, neutral for shareholders.

The Form 4 shows dividend-equivalent credits, not open-market transactions. At today’s share count, 7.3 phantom shares are immaterial (<0.001% dilution). Ownership now totals roughly 4,896 phantom units, still de minimis relative to Enpro’s 20 million-plus shares outstanding. Because the credits settle only at retirement, death, or underlying-award vesting, they neither affect cash flow nor signal insider sentiment. I view the disclosure as administrative and neutral.

TL;DR: Standard Section 16 compliance; reflects Enpro’s deferred-comp plan mechanics, no governance red flags.

The filing confirms proper reporting of director compensation under the Amended & Restated 2002 Equity Compensation Plan and the Deferred Compensation Plan for Non-Employee Directors. The phantom-stock mechanism aligns director interests with shareholders while deferring tax. No 10b5-1 plan box is checked, indicating these are automatic accruals, not discretionary trades. Documentation appears timely and complete, suggesting good compliance hygiene. Overall impact on governance risk profile is neutral.

Insider Gulfo Adele M.
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock 7 $185.86 $1K
Grant/Award Phantom Stock 0.258 $185.86 $47.90
Holdings After Transaction: Phantom Stock — 4,895.521 shares (Direct)
Footnotes (1)
  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.
Form 4 Insider Transactions: What Each Field Means →
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*
Gulfo Adele M.
(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) 7 (3) (3) Common Stock 7 $185.86 4,895.5213(4) D
Phantom Stock (1) 06/18/2025 A(5) 0.2577 (3) (3) Common Stock 0.2577 $185.86 4,895.779(4) D
Explanation of Responses:
1. 1-for-1
2. Dividend equivalent rights accrued to previously granted phantom stock awards under the Amended and Restated 2002 Equity Compensation Plan 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.
5. 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.
Angela P. Winter, Attorney-in-Fact of Adele M. Gulfo 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Enpro (NPO) shares did Director Adele M. Gulfo buy or sell?

None. The Form 4 only records 7.2577 phantom shares credited; no common stock was bought or sold.

What is the total phantom-stock balance held by the director after the transaction?

Gulfo now beneficially owns 4,895.779 phantom shares following the June 18 2025 credits.

Did the transaction involve open-market activity?

No. The credits are automatic dividend-equivalent accruals under Enpro’s compensation plans, not market purchases.

Does the filing affect Enpro’s share count or dilution?

Impact is negligible; 7.3 phantom shares represent less than 0.001% of Enpro’s outstanding stock.

When will the phantom stock vest or pay out?

Per the filing, payout occurs on the earliest of death, disability, or vesting of the underlying award.