Enpro Inc (NPO) director reports 1.9793 phantom stock units on Form 4 filing
Rhea-AI Filing Summary
Enpro Inc director William Abbey reported acquiring additional deferred equity linked to the company’s common stock. The disclosure shows he received 1.9793 units of phantom stock on 12/17/2025, credited as dividend equivalent rights tied to previously granted phantom stock under the Deferred Compensation Plan for Non-Employee Directors of EnPro Industries, Inc.
Each phantom stock unit is convertible on a 1-for-1 basis into Enpro common stock. After this transaction, Abbey beneficially owns 1,312.0685 phantom stock units, held directly. These units vest and are paid out on the earliest of death, disability, or the vesting and payout of the underlying award to which the dividend equivalents relate.
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FAQ
What insider transaction did Enpro Inc (NPO) director William Abbey report?
William Abbey reported acquiring additional deferred equity in the form of phantom stock units tied to Enpro Inc common stock under a non-employee director deferred compensation plan.
How many phantom stock units did William Abbey receive and on what date?
On 12/17/2025, William Abbey received 1.9793 phantom stock units, recorded as an acquisition in the filing.
What is phantom stock in the context of Enpro Inc’s deferred compensation plan?
Phantom stock represents deferred units that track the value of Enpro Inc common stock. In this filing, each unit is convertible on a 1-for-1 basis into common stock, and the new units arose from dividend equivalent rights on previously granted phantom stock under the Deferred Compensation Plan for Non-Employee Directors.
What is William Abbey’s total phantom stock holding after this transaction?
Following the reported acquisition, William Abbey beneficially owns 1,312.0685 phantom stock units, as shown in the post-transaction balance.
When do William Abbey’s phantom stock units vest and pay out?
The phantom stock units, including the dividend equivalent accruals, vest and pay out on the earliest of three events: death, disability, or the vesting and payout of the underlying award with which the dividend equivalents are associated.
Is William Abbey’s phantom stock ownership reported as direct or indirect?
The filing reports William Abbey’s 1,312.0685 phantom stock units as held in direct ownership.