Bruderek Joseph F Jr. 4
Research Summary
AI-generated summary
Enpro (NPO) CFO Joseph Bruderek Receives RSUs, Exercises Derivative
What Happened
Joseph F. Bruderek Jr., Enpro Inc. EVP and CFO, was granted 1,817 restricted stock units (RSUs) on 2026-02-12 with a reported grant value of $448,635 ($246.91 per unit). Around the same time he recorded conversion/exercise activity for 656 derivative shares (no cash exercise price). To satisfy tax withholding obligations, 211 shares were delivered/withheld at a per-share value of $271.21, producing a tax payment of $57,225. The net activity is primarily an awarded RSU grant with routine withholding to cover taxes.
Key Details
- Transaction dates: Grant reported 2026-02-12; conversions/exercise and withholding reported 2026-02-13. Filing date: 2026-02-13 (timely).
- Grant: 1,817 RSUs @ $246.91 each = $448,635 (code A; derivative award).
- Conversion/Exercise: 656 shares recorded as exercise/conversion (code M) at $0.00 (no cash exercise price reported).
- Tax withholding: 211 shares (code F) withheld/disposed @ $271.21 = $57,225 to cover tax liability.
- Shares owned after the transactions: Not specified in the provided filing details.
- Footnotes of note: RSUs represent right to receive one share plus dividend equivalents (F1/F2). Vesting is in approximate equal thirds (noted vesting schedule F3/F4). Withholding was for taxes (code F).
Context
- These RSUs are a compensation award (not an open-market purchase) and are treated as an acquisition when granted; the withholding of shares for taxes is routine and does not necessarily signal a change in insider sentiment.
- Code explanations: A = award/grant (RSUs); M = exercise or conversion of a derivative instrument; F = payment to cover exercise price or tax liability.
- The filing shows a conversion/exercise with no cash exercise price and a partial share withholding to satisfy taxes—common when restricted units vest or convert to common shares.