Enpro Inc. (NPO) director receives new phantom stock award under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Botts Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
Enpro Inc. director Thomas M. Botts received a grant of 57.4479 phantom stock units on Enpro common stock. These units were awarded under the company’s Deferred Compensation Plan for Non-Employee Directors, are tied 1-for-1 to common shares, become exercisable upon retirement, and bring his total phantom stock holdings to 18,051.3374 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Botts Thomas M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 57.448 | $376.93 | $22K |
Holdings After Transaction:
Phantom Stock — 18,051.337 shares (Direct, null)
Footnotes (1)
- 1-for-1 Share units acquired under the Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc. Upon retirement These shares do not have an expiration date and they are exercisable upon retirement
Key Figures
Phantom stock units granted: 57.4479 units
Reference price per unit: $376.93 per unit
Total phantom units after grant: 18,051.3374 units
+2 more
5 metrics
Phantom stock units granted
57.4479 units
Grant to director Thomas M. Botts on 2026-06-30
Reference price per unit
$376.93 per unit
Value used for the phantom stock grant
Total phantom units after grant
18,051.3374 units
Director’s phantom stock balance following the transaction
Conversion ratio
1-for-1
Each phantom unit corresponds to one Enpro common share
Underlying security shares
57.4479 shares
Common stock underlying the new phantom stock units
Key Terms
Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, underlying security, exercisable upon retirement
4 terms
Phantom Stock financial
"security_title: "Phantom Stock""
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Non-Employee Directors financial
"Share units acquired under the Deferred Compensation Plan for Non-Employee Directors"
underlying security financial
"underlying_security_title: "Common Stock""
exercisable upon retirement financial
"They are exercisable upon retirement"
FAQ
What insider transaction did Enpro Inc. (NPO) report for Thomas M. Botts?
Enpro Inc. reported that director Thomas M. Botts received 57.4479 phantom stock units. The award was made under the Deferred Compensation Plan for Non-Employee Directors and is linked 1-for-1 to Enpro common stock, becoming exercisable when he retires.
What is the size of the phantom stock award to the Enpro (NPO) director?
The phantom stock award to the Enpro director totals 57.4479 units. Each unit is tied on a 1-for-1 basis to Enpro common stock, increasing his total phantom stock holdings to 18,051.3374 units after the grant.
At what reference price were Enpro (NPO) phantom stock units granted?
The phantom stock units were recorded at a reference price of $376.93 per unit. This price is used for reporting value of the 57.4479 granted units, which are awarded under Enpro’s Deferred Compensation Plan for Non-Employee Directors.
When do the Enpro (NPO) phantom stock units for Thomas M. Botts become exercisable?
The phantom stock units become exercisable upon the director’s retirement. According to the disclosure, the units do not have an expiration date and are tied to Enpro’s Deferred Compensation Plan for Non-Employee Directors, providing value when he leaves the board.
How many Enpro (NPO) phantom stock units does Thomas M. Botts hold after this grant?
After this grant, Thomas M. Botts holds 18,051.3374 phantom stock units. This total reflects his existing units plus the 57.4479 units newly awarded, all linked 1-for-1 to Enpro common stock under the deferred compensation structure.