Abbey William 4

What Happened
Abbey William, a director of Enpro Inc. (NPO), was credited with a derivative award of 1.825 phantom shares on 2026-03-18. The award is reported at $250.59 per share for a total value of about $457 and is coded as an acquisition/award (A) on the Form 4. This was a grant under EnPro’s Deferred Compensation Plan for Non-Employee Directors and represents phantom/deferred compensation, not an open-market stock purchase.

Key Details

• Transaction date and terms: 2026-03-18 — 1.825 phantom shares @ $250.59 each, total ≈ $457.
• Form 4 filing date: 2026-03-19 (appears timely under the Form 4 two-business-day rule).
• Beneficial ownership change: This is a derivative/phantom-stock award; no immediate issuance of common shares or open-market purchase/sale. The filing’s balance (post-transaction) includes multiple phantom stock grants, accruals and previously accrued dividend equivalents (see F4).
• Notable footnotes summarized:
  • F1: 1-for-1 conversion reference.
  • F2: Dividend equivalent rights were accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors.
  • F3: Vesting/payout of these dividend equivalents occurs on the earliest of death, disability, or the vesting/payout of the related underlying award.
  • F4: Reported balance includes multiple phantom grants and accrued dividend equivalents.

Context
Phantom-stock awards are deferred-compensation instruments that track the economic value of shares but do not confer immediate voting rights or common-stock ownership until settled. Such grants to non-employee directors are routine compensation and should be interpreted as compensation-related, not necessarily as a direct bullish/bearish signal about the company’s stock.