Enpro director awarded additional phantom stock units
Enpro Inc. director David L. Hauser reported two compensation-related acquisitions of phantom stock units tied 1-for-1 to common stock.
Rhea-AI Filing Summary
Enpro Inc. director David L. Hauser reported two compensation-related acquisitions of phantom stock units tied 1-for-1 to common stock. On these transactions, he received 38.0000 and 10.9673 phantom stock units as dividend equivalent rights accruing on previously granted awards under company plans.
Following these grants, his reported balance is 38421.2395 phantom stock units. According to the plan terms, these units vest and pay out on the earliest of death, disability, or the vesting and payout of the related underlying awards, and the balance reflects multiple prior grants and accrued dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 38 | $250.59 | $10K |
| Grant/Award | Phantom Stock | 10.9673 | $250.59 | $3K |
Footnotes (5)
- F1. 1-for-1
- F2. Dividend equivalent rights accrued to previously granted phantom stock awards under the Amended and Restated 2002 Equity Compensation Plan of EnPro Industries, Inc.
- F3. 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.
- F4. Balance includes multiple phantom stock grants, phantom stock accruals and previously accrued dividend equivalents.
- F5. 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
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What did Enpro Inc. (NPO) director David Hauser report in this Form 4?
How many phantom stock units does David Hauser hold after this Enpro (NPO) filing?
Are the Enpro (NPO) phantom stock units in this Form 4 tied to common stock?
What triggers vesting and payout of David Hauser’s Enpro (NPO) phantom stock units?
What are dividend equivalent rights in Enpro (NPO) phantom stock awards?
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