Enpro Inc. (NPO) director granted additional phantom stock in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enpro Inc. director William Abbey received a small award of phantom stock units as part of the company’s deferred compensation program for non-employee directors. On the reported date, 1.3468 phantom stock units tied 1-for-1 to common stock were credited as dividend equivalent rights.
These derivative awards have a conversion price of $0 and vest and pay out upon the earliest of death, disability, or the vesting and payout of the related underlying award. After this accrual, Abbey’s balance under the plan totals 1531.7321 phantom stock units, which reflects multiple prior grants and previously accrued dividend equivalents. This is a routine compensation-related acquisition, not an open-market stock trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Abbey William
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1.347 | $363.62 | $489.72 |
Holdings After Transaction:
Phantom Stock — 1,531.732 shares (Direct, null)
Footnotes (1)
- 1-for-1 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. 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.
Key Figures
Phantom stock units acquired: 1.3468 units
Transaction price per unit: $363.6200 per unit
Total phantom stock balance: 1531.7321 units
+1 more
4 metrics
Phantom stock units acquired
1.3468 units
Dividend equivalent rights grant on phantom stock
Transaction price per unit
$363.6200 per unit
Phantom stock award reference price
Total phantom stock balance
1531.7321 units
Balance following reported transaction
Conversion or exercise price
$0.0000
Phantom stock derivative terms
Key Terms
Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, dividend equivalent rights, vesting and payout
4 terms
Phantom Stock financial
"Balance includes multiple phantom stock grants, phantom stock accruals and previously accrued dividend equivalents."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Non-Employee Directors financial
"Deferred Compensation Plan for Non-Employee Directors (as amended and restated) of EnPro Industries, Inc."
dividend equivalent rights financial
"Dividend equivalent rights accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
vesting and payout financial
"Vesting and payout occurs on the earliest of death, disability or the vesting and payout of the underlying award"
FAQ
What did Enpro Inc. (NPO) director William Abbey report in this Form 4?
William Abbey reported receiving 1.3468 phantom stock units as dividend equivalent rights under Enpro’s deferred compensation plan for non-employee directors, increasing his total phantom stock balance to 1531.7321 units tied 1-for-1 to Enpro common stock.
Is the Enpro Inc. (NPO) Form 4 a stock purchase or sale?
The Form 4 does not report a market purchase or sale. It shows a compensation-related acquisition: 1.3468 phantom stock units credited as dividend equivalent rights, with no open-market trading of Enpro common stock disclosed in this filing.
How many phantom stock units does William Abbey hold at Enpro Inc. (NPO)?
Following this transaction, William Abbey holds 1531.7321 phantom stock units under Enpro’s deferred compensation plan. This total reflects multiple phantom stock grants, phantom stock accruals, and previously accrued dividend equivalent rights described in the Form 4 footnotes.
What are the key terms of the Enpro Inc. (NPO) phantom stock award?
The phantom stock is tied 1-for-1 to Enpro common stock with a $0 conversion price. Vesting and payout occur on the earliest of death, disability, or the vesting and payout of the underlying related award, according to the Form 4 footnotes.
What is the price per unit shown in the Enpro Inc. (NPO) Form 4 transaction?
The Form 4 lists a transaction price of $363.62 per phantom stock unit for the 1.3468 units acquired. These units are phantom stock derivative awards under a deferred compensation plan, rather than shares acquired in an open-market purchase.