Clarkson J. Palmer 4
Research Summary
AI-generated summary
Enerpac (EPAC) Director Clarkson J. Palmer Receives 3,134-Share Award
What Happened
- Clarkson J. Palmer, a director of Enerpac Tool Group Corp. (EPAC), received a grant of 3,134 restricted stock units (RSUs) on February 6, 2026. The units were awarded at a $0 purchase price (not a market purchase) and thus have no cash cost to the insider at grant.
Key Details
- Transaction date: 2026-02-06; filing date: 2026-02-09 (timely).
- Transaction type: Award/Grant (code A) — 3,134 RSUs granted at $0.00 per unit (total cash value at grant = $0).
- Vesting: These RSUs vest in full 50 weeks after the grant date, subject to continued service (see footnote F1).
- Shares owned after transaction: Not specified in the provided filing details.
- No exercise, sale, or tax-withholding reported in this Form 4.
Context
- This was a compensation award (RSUs), not an open-market purchase or sale; such grants are common for directors and reflect delayed compensation tied to continued service rather than an immediate investment decision.
- The RSUs will convert to shares only after vesting; until then they are contingent on service and do not represent immediately tradable stock.