Enpro Form 4: Director Records Dividend Equivalent Accrual to Phantom Stock

Rhea-AI Filing Summary

Judith A. Reinsdorf, a director of Enpro Inc. (NPO), reported an acquisition on 09/17/2025 of 0.4465 units of phantom stock linked to Enpro common stock under the company's Deferred Compensation Plan for Non-Employee Directors. The filing shows a notional price of $217.89 and reports 746.269 shares as the aggregate beneficial ownership balance following the entry. The filing clarifies these units reflect dividend equivalent rights accrued to previously granted phantom stock and that vesting/payout occurs on the earliest of death, disability, or vesting/payout of the underlying award. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Reinsdorf on 09/18/2025.

Positive

• Transparent disclosure of dividend equivalent accruals to phantom stock under the Deferred Compensation Plan
• Specific transaction details provided: transaction date 09/17/2025, units 0.4465, and notional price $217.89

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider accrual of dividend equivalents to phantom stock; no cash transaction or option exercise disclosed.

The Form 4 documents an accrual event rather than a market transaction: 0.4465 phantom stock units were recorded as acquired on 09/17/2025, with a notional value per unit shown as $217.89. The filing states these are dividend equivalent rights credited to previously granted phantom awards and that payout depends on standard vesting or specified triggering events. For investors, this is an administrative update about equity-linked compensation for a director, not a sale or purchase of public shares.

Corporate Governance Expert

TL;DR: Disclosure aligns with routine director deferred compensation practices and plan mechanics.

The submission identifies the instrument as phantom stock under the Deferred Compensation Plan for Non-Employee Directors and explains accrual of dividend equivalents and payout triggers (death, disability, or underlying award payout). The report was filed by an attorney-in-fact, consistent with authorized filing practice. This Form 4 provides transparency on non-derivative equity-linked compensation holdings by a director but does not indicate changes in control or remuneration policy.

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).

1. Name and Address of Reporting Person^*

Reinsdorf Judith A

(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)
09/17/2025

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)	09/17/2025		A(2)		0.4465		(3)	(3)	Common Stock	0.4465	$217.89	746.269(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 Judith A. Reinsdorf	09/18/2025
	** 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 Judith A. Reinsdorf report in the Form 4 for NPO?

The Form 4 reports acquisition of 0.4465 phantom stock units on 09/17/2025 tied to Enpro common stock and an aggregate balance of 746.269 shares following the entry.

Was cash paid or shares sold in this reported transaction?

No cash purchase or public market sale is reported; the entry documents dividend equivalent rights accrued to previously granted phantom stock.

What triggers vesting or payout of the phantom stock?

Vesting and payout occur on the earliest of death, disability, or the vesting and payout of the underlying award, per the filing explanation.

Who filed and signed the Form 4 for Judith A. Reinsdorf?

The Form 4 was signed by Angela P. Winter, Attorney-in-Fact for Judith A. Reinsdorf on 09/18/2025.

What plan governs the phantom stock reported in this filing?

The phantom stock and dividend equivalents are governed by the Deferred Compensation Plan for Non-Employee Directors (as amended and restated).