Phantom stock grant to Enpro Inc. (NPO) director disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enpro Inc. director William Abbey reported a routine compensation grant of phantom stock units. He acquired 66.3253 phantom stock units at an indicated value of $376.93 per unit, credited under the Deferred Compensation Plan for Non-Employee Directors on a 1-for-1 basis with common stock. These units have no expiration date and are exercisable upon retirement, bringing his total phantom stock holdings to 1,598.0574 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Abbey William
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 66.325 | $376.93 | $25K |
Holdings After Transaction:
Phantom Stock — 1,598.057 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: 66.3253 units
Indicated value per unit: $376.93 per unit
Total phantom stock after grant: 1,598.0574 units
+2 more
5 metrics
Phantom stock units granted
66.3253 units
Grant to director William Abbey on 2026-06-30
Indicated value per unit
$376.93 per unit
Phantom stock grant pricing reference
Total phantom stock after grant
1,598.0574 units
Abbey’s holdings following the transaction
Conversion ratio
1-for-1
Each phantom unit equivalent to one common share
Exercise condition
Upon retirement
Units exercisable when director retires
Key Terms
Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, underlying security, 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"
underlying security financial
"underlying_security_title: Common Stock"
1-for-1 financial
"1-for-1"
FAQ
What insider transaction did Enpro Inc. (NPO) report for William Abbey?
Enpro Inc. director William Abbey received 66.3253 phantom stock units as a compensation grant. The units are part of the company’s deferred compensation plan for non-employee directors and are tied 1-for-1 to Enpro common stock value.
Is the Enpro Inc. (NPO) Form 4 transaction a stock purchase or sale?
The Form 4 shows a grant of phantom stock units, not an open-market purchase or sale. Abbey acquired these units as a compensation award under Enpro’s deferred compensation plan for non-employee directors, rather than through trading in the company’s stock.
How many phantom stock units does William Abbey hold after this Enpro (NPO) grant?
After the reported grant, William Abbey holds a total of 1,598.0574 phantom stock units. This includes the newly awarded 66.3253 units credited under Enpro’s deferred compensation plan for non-employee directors, which tracks the value of Enpro common stock.
When do William Abbey’s Enpro (NPO) phantom stock units become exercisable?
The phantom stock units become exercisable upon Abbey’s retirement, according to the Form 4 footnotes. The units have no stated expiration date and are part of Enpro’s deferred compensation structure for non-employee directors, settling based on Enpro common stock value.
What does 1-for-1 mean in Enpro Inc. (NPO) phantom stock awards?
1-for-1 means each phantom stock unit is economically equivalent to one share of Enpro common stock. Under the deferred compensation plan, the value of the phantom units tracks Enpro’s share price, providing stock-linked compensation without issuing actual shares at grant.