EnPro (NPO) Form 4: Director Gulfo Receives 6.4059 Shares at $217.89
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.
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 | 0.4059 | $217.89 | $88.44 |
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 transactions did Adele M. Gulfo report on Form 4 for NPO?
Under which plans were the phantom stock dividend equivalents accrued?
When do the phantom stock accruals vest or pay out according to the filing?
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