Enpro Inc. (NPO) director granted additional phantom stock in Form 4 filing
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1.3468 | $363.62 | $489.72 |
Footnotes (4)
- F1. 1-for-1
- F2. 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.
- 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.
Key Figures
Key Terms
Phantom Stock financial
Deferred Compensation Plan for Non-Employee Directors financial
dividend equivalent rights financial
vesting and payout financial
FAQ
What did Enpro Inc. (NPO) director William Abbey report in this Form 4?
Is the Enpro Inc. (NPO) Form 4 a stock purchase or sale?
How many phantom stock units does William Abbey hold at Enpro Inc. (NPO)?
What are the key terms of the Enpro Inc. (NPO) phantom stock award?
What is the price per unit shown in the Enpro Inc. (NPO) Form 4 transaction?
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