Botts Thomas M. 4
Research Summary
AI-generated summary
Enpro (NPO) Director Thomas Botts Receives Share Award Worth $14.5K
What Happened
Director Thomas M. Botts received a grant of 57.85 share units under EnPro's Deferred Compensation Plan for Non-Employee Directors on 2026-03-31. The units were recorded at $250.65 each for a total value of $14,500. This was an award (compensation), not an open-market purchase or sale; the units are derivative in nature and tied to future retirement vesting/exercise.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02. Filing appears timely (within the usual two-business-day window).
- Award: 57.85 share units @ $250.65 each; total reported value $14,500. (Transaction code A = award/grant/other acquisition.)
- Instrument: Deferred share units under the Deferred Compensation Plan for Non-Employee Directors (EnPro). These are derivatives, not immediate common shares.
- Conversion/vesting notes from filing: 1-for-1 conversion (F1); units acquired under the Deferred Compensation Plan (F2); exercisable upon retirement (F3, F4); units have no expiration date.
- Shares owned after transaction: Not stated in the Form 4 filing.
Context
This is a routine director compensation award delivered as deferred share units. Such awards are common for non-employee directors and become equity (or exercisable into shares) upon the retirement trigger specified in the plan; they do not reflect an immediate cash purchase or sale.