NPO Insider Update: Felix Brueck Reports Routine Phantom Stock Accrual

Rhea-AI Filing Summary

Form 4 Overview – Enpro Inc. (NPO)

On 20 June 2025, a Form 4 was filed for Felix M. Brueck, a director of Enpro Inc., reporting changes in his beneficial ownership as of the transaction date 18 June 2025.

Key details

• Type of security: Phantom stock units (1-for-1 economic equivalence to common shares).
• Transactions reported:
  • Award A – 20 phantom stock units accrued as dividend equivalents under the Amended and Restated 2002 Equity Compensation Plan.
  • Award B – 16.6871 phantom stock units accrued as dividend equivalents under the Deferred Compensation Plan for Non-Employee Directors.
• Reference price: $185.86 per unit (used solely for reporting purposes).
• Post-transaction beneficial ownership: 21,939.6887 phantom stock units held directly (D).
• Vesting/Payout terms: Units vest and are paid upon the earlier of death, disability, or the payout/vesting of the underlying awards to which the dividend equivalents relate.

The filing notes that the reported amounts aggregate previously granted phantom stock, related accruals, and prior dividend equivalents. No common shares were bought or sold on the open market, and no cash was exchanged in the current report.

Insights

Financial Analyst

TL;DR Small dividend-equivalent phantom stock accrual; immaterial to Enpro’s valuation, but signals continued equity alignment for the director.

The Form 4 reflects routine dividend-equivalent adjustments rather than discretionary purchases. The total addition of ~36.7 phantom units (≈ $6.8 k market value) marginally increases Mr. Brueck’s deferred equity stake to 21,939.6887 units. Because no open-market transactions occurred and the dollar value is de-minimis relative to Enpro’s ~$4 bn market cap, investor impact is neutral. Nonetheless, ongoing accumulation via deferred compensation plans keeps director incentives aligned with shareholder interests.

Corporate Governance Specialist

TL;DR Filing shows compliance with equity plans; negligible quantitative impact, positive from a governance disclosure standpoint.

This disclosure documents automatic dividend-equivalent grants tied to existing phantom stock. Such awards are common for non-employee directors and require Form 4 reporting under Section 16(a). Timely filing (within two business days) and inclusion of detailed footnotes demonstrate strong governance and transparency. However, given the small volume and absence of market transactions, the event does not materially influence ownership concentration or control dynamics.

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^*

Brueck Felix M.

(Last) (First) (Middle)

5605 CARNEIGE 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)		20		(3)	(3)	Common Stock	20	$185.86	21,923.0016(4)	D
Phantom Stock	(1)	06/18/2025		A(5)		16.6871		(3)	(3)	Common Stock	16.6871	$185.86	21,939.6887(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 Felix M. Brueck	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

How many phantom stock units did Enpro (NPO) director Felix M. Brueck acquire on 18 June 2025?

36.6871 units in total: 20 units under the Equity Compensation Plan and 16.6871 units under the Deferred Compensation Plan.

What is the post-transaction phantom stock balance reported for Felix M. Brueck?

The Form 4 lists 21,939.6887 phantom stock units held directly.

Did the director buy or sell Enpro common shares on the open market?

No. The filing only records automatic dividend-equivalent accruals; no open-market purchases or sales occurred.

What price was used to value the phantom stock units in the Form 4?

A reference price of $185.86 per unit is shown for reporting purposes.

When will the newly accrued phantom stock units vest or be paid out?

Vesting/payout occurs upon the earlier of death, disability, or payout of the underlying awards linked to the dividend equivalents.