Enpro Inc. (NPO) director receives additional phantom stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enpro Inc. director Adele M. Gulfo reported awards of phantom stock units that track the company’s common shares on a 1-for-1 basis. The filing shows two grant-type acquisitions, including 5.0000 phantom stock units, credited as dividend equivalent rights under Enpro equity and deferred compensation plans. These awards vest and pay out on the earliest of death, disability, or the vesting and payout of the related underlying awards. After these credits, Gulfo holds a total of 5,272.3248 phantom stock units, reflecting multiple prior grants, accruals, and dividend equivalents rather than any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gulfo Adele M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5 | $250.59 | $1K |
| Grant/Award | Phantom Stock | 0.656 | $250.59 | $164.36 |
Holdings After Transaction:
Phantom Stock — 5,271.669 shares (Direct)
Footnotes (1)
- 1-for-1 Dividend equivalent rights accrued to previously granted phantom stock awards under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc. 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. Balance includes multiple phantom stock grants, phantom stock accruals and previously accrued dividend equivalents. 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.
FAQ
What insider transaction did Enpro Inc. (NPO) director Adele M. Gulfo report?
Adele M. Gulfo reported acquiring additional phantom stock units as compensation. The Form 4 shows two grant-type transactions in phantom stock, including 5.0000 units, credited as dividend equivalent rights tied to Enpro’s equity and deferred compensation plans rather than open-market trading.
What is the phantom stock reported in Enpro Inc. (NPO) director’s Form 4?
The phantom stock represents units that track Enpro common stock 1-for-1. These derivative units mirror the value of common shares but are issued under company compensation plans, with vesting and payout governed by plan terms instead of regular stock market purchases or sales.
How many phantom stock units does Adele M. Gulfo hold after these Enpro (NPO) transactions?
After the reported transactions, Gulfo holds 5,272.3248 phantom stock units. This balance reflects multiple phantom stock grants, accruals, and previously credited dividend equivalents, all tied to Enpro’s equity compensation and deferred compensation arrangements for non-employee directors.
When do the Enpro Inc. (NPO) phantom stock awards for Adele M. Gulfo vest and pay out?
The phantom stock awards vest and pay out upon specific trigger events. Vesting and payout occur on the earliest of death, disability, or the vesting and payout of the related underlying award to which the dividend equivalent rights and phantom stock units are linked.
Are the Enpro Inc. (NPO) phantom stock transactions open-market buys or sells?
No, the transactions are grant or award acquisitions, not market trades. The Form 4 classifies them as derivative awards credited as dividend equivalent rights under Enpro’s equity and deferred compensation plans, with no open-market purchases or sales of common stock reported.