Enpro Inc. (NPO) director granted 99.74 phantom stock units under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Keating Ronald C reported acquisition or exercise transactions in this Form 4 filing.
Enpro Inc. director Ronald C. Keating received an award of 99.7407 phantom stock units on common stock. The grant was made under the company’s Deferred Compensation Plan for Non-Employee Directors and represents a 1-for-1 share unit match. These units have no expiration and are payable upon retirement, giving Keating 4,289.2459 phantom stock units in total after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Keating Ronald C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 99.741 | $250.65 | $25K |
Holdings After Transaction:
Phantom Stock — 4,289.246 shares (Direct)
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: 99.7407 units
Reference price per unit: $250.65 per unit
Total phantom units after grant: 4,289.2459 units
+1 more
4 metrics
Phantom stock units granted
99.7407 units
Grant of phantom stock on 2026-03-31
Reference price per unit
$250.65 per unit
Phantom stock grant valuation
Total phantom units after grant
4,289.2459 units
Holdings following reported transaction
Conversion ratio
1-for-1
Phantom stock unit to common stock relationship
Key Terms
Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, grant/award acquisition, 1-for-1
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"
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
1-for-1 financial
"1-for-1 share units acquired under the Deferred Compensation Plan"
FAQ
What did Enpro Inc. (NPO) director Ronald C. Keating report in this Form 4?
Ronald C. Keating reported receiving 99.7407 phantom stock units tied to Enpro common stock. The award is part of the Deferred Compensation Plan for Non-Employee Directors and increases his total phantom stock holdings to 4,289.2459 units after the transaction.
Is the Enpro Inc. (NPO) Form 4 transaction an open-market buy or sell?
The reported transaction is not an open-market buy or sell. It is a compensation-related grant of phantom stock units under a deferred compensation plan, classified as an acquisition (code A), rather than a discretionary purchase or sale in the public market.
How many phantom stock units does Ronald C. Keating hold after this Enpro (NPO) grant?
After the grant, Ronald C. Keating holds 4,289.2459 phantom stock units. These units track Enpro common stock on a 1-for-1 basis under the company’s deferred compensation plan and are designed as non-expiring amounts credited for retirement-related benefits.
What are the key terms of the phantom stock award reported by Enpro Inc. (NPO)?
The award covers 99.7407 phantom stock units credited at a reference price of $250.65 per unit. Each unit corresponds 1-for-1 with Enpro common stock, has no expiration date, and becomes exercisable or payable upon Ronald C. Keating’s retirement under the director plan.
Does the Enpro Inc. (NPO) phantom stock in this Form 4 ever expire?
According to the disclosure, the phantom stock units do not have an expiration date. They are exercisable upon Ronald C. Keating’s retirement, meaning they remain outstanding until retirement under the terms of the Deferred Compensation Plan for Non-Employee Directors.
What plan governs Ronald C. Keating’s phantom stock units at Enpro Inc. (NPO)?
The phantom stock units were acquired under Enpro’s Deferred Compensation Plan for Non-Employee Directors, as amended and restated. This plan credits share units to non-employee directors on a 1-for-1 basis with common stock, generally to be settled upon retirement from the board.