McLean Robert Savage 4
Research Summary
AI-generated summary
Enpro (NPO) EVP Robert McLean Converts RSUs; 193 Shares Withheld
What Happened
- Robert McLean, EVP, General Counsel and CAO of Enpro Inc. (NPO), had 534 restricted stock units (RSUs) convert to common shares (reported 2/13/2026). Of those, 193 shares were withheld to cover tax obligations at $271.21/share (tax withholding value $52,344), leaving a net of about 341 shares delivered to him. Separately, on 2/12/2026 he was granted 1,231 RSUs under Enpro’s equity plan valued at $246.91 each (total value ~$303,946).
- These transactions are routine equity compensation activity (conversion/settlement of RSUs and a new RSU award), not an open-market purchase or sale by the insider.
Key Details
- Transaction dates: RSU grant 2/12/2026; RSU conversion/settlement and tax withholding 2/13/2026.
- Prices/values: Grant valued at $246.91/share (1,231 RSUs ≈ $303,946). Tax withholding: 193 shares × $271.21 = $52,344.
- Net shares received from the conversion: ~341 (534 vested/converted − 193 withheld).
- Shares owned after the transactions: Not specified in the filing.
- Footnotes: RSUs represent contingent rights to one share at settlement and include cash equivalent for dividends; awards made under the Enpro Inc. 2020 Equity Compensation Plan. Vesting occurs in approximately equal thirds (see footnotes for specific vesting dates).
- Filing timeliness: Report filed 2/13/2026 for activity on 2/12–2/13/2026; no indication in the filing that it was late.
Context
- The M transaction code reflects conversion/exercise of derivatives (here, RSUs converting into common shares). The F code indicates shares were withheld to satisfy tax withholding—this is a common, non-market disposal tied to payroll taxes, not a deliberate sell signal.
- For retail investors: awards and conversions like these are routine compensation mechanics. New RSU grants are a form of executive compensation and not an immediate market vote; tax-withholding disposals are administrative.