Humphrey John 4
Research Summary
AI-generated summary
Enpro (NPO) Director John Humphrey Receives Phantom Stock Award
What Happened
- John Humphrey, a director of Enpro Inc. (NPO), received derivative awards (phantom stock / dividend-equivalent credits) on 2026-03-18. The filing shows two accruals: 13.609 units at $250.59 each (≈ $3,410) and 11 units at $250.59 each (≈ $2,756), for a combined value of about $6,166.
- This was an award/accrual (transaction code A), not an open-market purchase or sale — a non-cash credit under Enpro’s director deferred compensation/equity plans.
Key Details
- Transaction date: 2026-03-18; Filing date: 2026-03-19 (timely, reported next day).
- Prices recorded: $250.59 per unit for both entries.
- Combined units credited: 24.609 units; combined recorded value: ~$6,166.
- Shares/units held after this transaction are not specified in the filing; footnote F4 indicates the reported balance includes multiple phantom stock grants and prior accruals.
- Notable footnotes:
- F1: 1-for-1 (conversion ratio referenced).
- F2 & F5: dividend equivalent rights accrued to previously acquired phantom stock under the Deferred Compensation Plan for Non-Employee Directors and the Amended and Restated 2002 Equity Compensation Plan.
- F3: Vesting/payout occurs on the earliest of death, disability, or vesting/payout of the underlying award.
- F4: Balance includes multiple grants, accruals and previously accrued dividend equivalents.
Context
- These are phantom stock/dividend-equivalent accruals tied to director deferred compensation plans; they represent future payout rights rather than immediate ownership of common shares.
- Such awards are routine for non-employee directors and are non-cash compensation; they do not necessarily indicate the director’s view on the company’s stock.