Enpro (NPO) Insider Activity: Small Phantom-Stock Accrual Reported

Rhea-AI Filing Summary

Enpro Inc. (NPO) – Form 4 insider transaction summary

Director Ronald C. Keating reported a Rule 16a Form 4 filing covering a small accrual of phantom stock on 18 June 2025. The transaction arose from dividend-equivalent rights attached to previously granted phantom stock under the company’s Deferred Compensation Plan for Non-Employee Directors.

• Security type: Phantom stock (1-for-1 convertible into common shares on settlement).
• Quantity acquired: 2.2611 units (coded “A”).
• Implied price: $185.86 per phantom unit, mirroring the underlying common stock price.
• Post-transaction holding: 3,640.8866 phantom units held directly.
• Vesting/payout: Units settle on the earliest of death, disability, or payout of the underlying award.

No common shares were bought or sold; no cash changed hands. The filing reflects routine plan-related accruals rather than discretionary open-market activity and therefore appears immaterial from a valuation or governance standpoint.

Insights

Financial Analyst

TL;DR: Routine, immaterial phantom-stock accrual; neutral for valuation.

The 2.26-unit phantom-stock credit represents dividend equivalents automatically added to Director Keating’s deferred-compensation balance. At roughly $186 per unit the dollar value is under $500, far below any threshold that might signal sentiment or change float dynamics. No common shares were purchased or sold, and ownership form remains direct. The transaction does not alter insider ownership materially, nor does it affect EPS, cash flows, or control. Accordingly, investors should view the disclosure as routine and non-impactful.

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
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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^*

Keating Ronald C

(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)		2.2611		(3)	(3)	Common Stock	2.2611	$185.86	3,640.8866(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 Ronald C. Keating	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

What did Enpro (NPO) Director Ronald C. Keating report in the latest Form 4?

He reported acquiring 2.2611 phantom stock units via dividend-equivalent rights on 18 June 2025.

Was cash paid or common stock traded in this Form 4 transaction?

No. The filing reflects an automatic accrual of phantom stock; no cash outlay or open-market trade occurred.

How many phantom stock units does Keating now hold?

After the reported accrual, he directly holds 3,640.8866 phantom units.

Does the transaction affect Enpro’s share count or earnings?

No. Phantom stock is cash-settled or share-settled in the future and has no immediate impact on outstanding shares or EPS.

When will the phantom stock vest or be paid out?

Payout occurs on the earliest of death, disability, or settlement of the underlying award to which the dividend equivalents relate.