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.
Positive
- None.
Negative
- None.
Insights
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 2.261 | $185.86 | $420.25 |
Footnotes (1)
- 1-for-1 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. 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.