[Form 4] Enpro Inc. Insider Trading Activity
Rhea-AI Filing Summary
David L. Hauser, a director of Enpro Inc. (NPO), reported acquisitions of phantom stock awards on 09/17/2025. The filing shows dividend-equivalent rights credited to previously granted phantom stock under EnPro's equity and deferred compensation plans, resulting in two reported accruals: 42 phantom shares and 12.1833 phantom shares, each valued at $217.89 per underlying share. The filing lists resulting beneficial ownership balances of 38,302.1331 and 38,314.3164 common stock equivalent shares respectively, held directly. Vesting/payout is tied to death, disability or vesting/payout of underlying awards. The Form 4 was signed by an attorney-in-fact on 09/18/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director received additional phantom stock dividend equivalents, slightly increasing his equity-linked stake without cash purchase.
The reported transactions are accruals of dividend-equivalent rights to existing phantom stock awards, not open-market purchases or option exercises. The increments—42 and 12.1833 phantom shares at an implicit per-share value of $217.89—increase the director's equity-linked exposure and align compensation with shareholder value. These are routine, non-cash adjustments tied to plan terms and contingent vesting events, indicating no immediate cash flow or dilution to shareholders.
TL;DR: Standard director compensation mechanics: dividend equivalents credited to phantom awards with contingent vesting/payout.
This Form 4 documents dividend-equivalent accruals under the Amended and Restated 2002 Equity Compensation Plan and the Deferred Compensation Plan for Non-Employee Directors. The nature of vesting/payout—earliest of death, disability or payout of the underlying award—is disclosed. The filing was made by one reporting person and executed by an attorney-in-fact, consistent with typical governance practices for non-employee director deferred compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 42 | $217.89 | $9K |
| Grant/Award | Phantom Stock | 12.183 | $217.89 | $3K |
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.