Cunningham Danny L 4

What Happened Danny L. Cunningham, a director of Enerpac Tool Group Corp. (EPAC), was granted 3,134 restricted stock units (reported as a derivative award) on February 6, 2026. The filing shows an acquisition at $0.00 (a compensation award rather than an open-market purchase), with settlement to occur in common stock under the company’s outside director compensation plan.

Key Details

• Transaction date: 2026-02-06; filing date: 2026-02-09 (filed promptly).
• Grant: 3,134 RSUs/phantom shares, price reported $0.00 (award).
• Shares owned after transaction: not specified in the Form 4.
• Footnote F1: Under the Outside Director’s Compensation Plan, the director elected to defer the RSU grant; they vest in full about 50 weeks after grant (subject to continued service) and are settled in common stock upon termination or a specified date.
• Footnote F2: The phantom stock converts 1-for-1 into Class A Common Stock when settled.
• Filing timeliness: Not indicated as late.

Context This was a compensation award to a non-employee director (routine for outside director pay) and not an open-market buy or sale. Because the units are deferred and convert 1:1 to shares upon vesting/settlement, this transaction signals compensation accrual rather than an immediate purchase of company stock.