Enpro (NYSE: NPO) director awarded new phantom stock units
Rhea-AI Filing Summary
Enpro Inc. director John Humphrey reported additional phantom stock awards as part of his director compensation. On March 18, 2026, he acquired 13.6088 and 11.0000 phantom stock units at a reference price of 250.5900 per unit, credited as dividend equivalent rights under Enpro’s non-employee director and equity compensation plans.
The phantom stock is convertible on a 1-for-1 basis into Enpro common stock and vests and pays out upon the earliest of death, disability, or vesting and payout of the related underlying award. Following these awards, Humphrey holds a total of 17,849.9100 phantom stock units.
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FAQ
What did Enpro (NPO) director John Humphrey report in this Form 4?
John Humphrey reported receiving two phantom stock awards as director compensation. The grants, tied to Enpro common stock, represent dividend equivalent rights credited under the company’s non-employee director and equity compensation plans, increasing his total phantom stock holdings documented in this filing.
How many phantom stock units did John Humphrey receive from Enpro (NPO)?
He received two separate phantom stock awards: one for 13.6088 units and another for 11.0000 units. Both are credited at a reference price of 250.5900 per unit and function as dividend equivalent rights on previously granted phantom stock.
What is the conversion relationship between Enpro phantom stock and common stock?
The phantom stock awards carry a 1-for-1 relationship to Enpro common stock. This means each phantom stock unit is designed to mirror the value of one share of common stock for compensation and payout purposes under the company’s director and equity plans.
When do John Humphrey’s Enpro phantom stock units vest and pay out?
The phantom stock and related dividend equivalents vest and pay out on the earliest of three events: the director’s death, disability, or the vesting and payout of the underlying award to which the dividend equivalent rights relate, as described in the plan terms.
What total phantom stock balance does John Humphrey hold after these transactions?
After these reported awards, John Humphrey’s total phantom stock balance is 17,849.9100 units. This balance reflects multiple prior phantom stock grants, accruals, and previously accumulated dividend equivalent rights under Enpro’s director compensation and equity plans.
What plans govern the phantom stock and dividend equivalents for Enpro (NPO) directors?
The dividend equivalent rights accrue under Enpro’s Deferred Compensation Plan for Non-Employee Directors and the Amended and Restated 2002 Equity Compensation Plan. Both plans set the rules for phantom stock awards, accruals, vesting conditions, and payout timing.