EnPro Insider Filing: Dividend Equivalents Convert to 5,032.6991 Shares for Director
Rhea-AI Filing Summary
EnPro Inc. (NPO) Form 4: Director Adele M. Gulfo reported accrual and receipt of dividend-equivalent rights tied to previously granted phantom stock awards on 09/17/2025. The filing shows two accrual entries: one for 6 shares (converted 1-for-1) and one for 0.4059 shares, each valued at $217.89 per share, producing a combined post-transaction beneficial ownership of 5,032.6991 common shares. The awards vest and pay out on the earliest of death, disability, or vesting/payout of the underlying award. The Form 4 was signed on behalf of Ms. Gulfo by an attorney-in-fact on 09/18/2025.
Positive
- Dividend-equivalent accruals were recorded and converted to equity, adding 6 and 0.4059 common shares respectively
- Post-transaction beneficial ownership is explicitly disclosed as 5,032.6991 common shares
- Clear disclosure of plan sources: Amended and Restated 2002 Equity Compensation Plan and Deferred Compensation Plan for Non-Employee Directors
Negative
- None.
Insights
TL;DR: Director received small dividend-equivalent accruals converting to 6.4059 shares, increasing reported ownership to 5,032.6991 shares.
This Form 4 documents non-cash accruals of dividend equivalents tied to existing phantom stock awards under EnPro's equity plans. The transactions are recorded as acquisitions at an indicated value of $217.89 per share and reflect routine equity compensation mechanics rather than open-market purchases or dispositions. The filing clarifies vesting/payout timing conditions and aggregates multiple phantom grants and accruals in the reported balance.
TL;DR: Routine director compensation adjustment recorded; disclosure aligns with Section 16 reporting requirements.
The entry discloses dividend-equivalent accruals under the Amended and Restated 2002 Equity Compensation Plan and a Deferred Compensation Plan for Non-Employee Directors. The filing specifies that the accruals convert 1-for-1 and will vest or be paid upon specified triggering events, which is consistent with standard deferred-compensation governance practices. Signature by an attorney-in-fact is noted and the form identifies the reporter as a director.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 6 | $217.89 | $1K |
| Grant/Award | Phantom Stock | 0.406 | $217.89 | $88.44 |
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.
