Enpro (NYSE: NPO) director Reinsdorf receives additional phantom stock accrual
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enpro Inc. director Judith A. Reinsdorf reported a routine compensation-related grant of phantom stock tied to common shares. She acquired 0.7215 phantom stock units at a reference value of 250.5900 per unit and now holds a total of 997.7572 phantom stock units directly.
The phantom stock reflects a 1-for-1 relationship with Enpro common stock and represents dividend equivalent rights accruing under the Deferred Compensation Plan for Non-Employee Directors. These awards vest and are paid out on the earliest of death, disability, or vesting and payout of the related underlying award and include multiple prior grants and accrued dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reinsdorf Judith A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 0.722 | $250.59 | $180.80 |
Holdings After Transaction:
Phantom Stock — 997.757 shares (Direct)
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.
FAQ
What did Enpro Inc. (NPO) director Judith A. Reinsdorf report in this Form 4?
Judith A. Reinsdorf reported acquiring 0.7215 phantom stock units as a compensation-related award. These units are tied 1-for-1 to Enpro common stock and increase her total phantom stock holdings to 997.7572 units under the company’s non-employee director deferred compensation plan.
How many Enpro (NPO) phantom stock units does Judith A. Reinsdorf hold after this transaction?
After this transaction, Judith A. Reinsdorf holds 997.7572 phantom stock units. The additional 0.7215 units stem from dividend equivalent rights under Enpro’s Deferred Compensation Plan for Non-Employee Directors and are linked 1-for-1 to the company’s common stock value.
What is the nature of the phantom stock granted to Enpro (NPO) director Judith A. Reinsdorf?
The phantom stock represents dividend equivalent rights that accrue on previously acquired phantom stock under Enpro’s Deferred Compensation Plan for Non-Employee Directors. Each unit tracks Enpro common stock on a 1-for-1 basis, providing cash-settled, stock-linked compensation rather than actual share ownership.
At what value were the new Enpro (NPO) phantom stock units credited to Judith A. Reinsdorf?
The 0.7215 phantom stock units were credited at a reference value of 250.5900 per unit. This value is used to determine the dollar amount of the dividend equivalent rights accruing under Enpro’s non-employee director deferred compensation plan for the phantom stock balance.
When do Judith A. Reinsdorf’s Enpro (NPO) phantom stock and dividend equivalents vest and pay out?
The awards vest and pay out on the earliest of death, disability, or the vesting and payout of the underlying related award. This timing applies to the dividend equivalent phantom stock credited under Enpro’s Deferred Compensation Plan for Non-Employee Directors, including the newly accrued units.
What does the balance of Enpro (NPO) phantom stock for Judith A. Reinsdorf include?
The 997.7572 phantom stock balance includes multiple phantom stock grants, additional phantom stock accruals, and previously accrued dividend equivalents. All arise under Enpro’s Deferred Compensation Plan for Non-Employee Directors and are tied on a 1-for-1 basis to the company’s common stock performance.