Bower Steven R. 4

What Happened

• Steven R. Bower, SVP, Controller and CAO of Enpro Inc. (NPO), received a grant of 442 restricted stock units (RSUs) on 2026-02-12 valued at $246.91 each (total ~$109,134).
• On 2026-02-13, 191 derivative units were converted/exercised into shares (reported at $0 for SEC reporting). Also on 2026-02-13, 50 shares were surrendered/withheld to cover tax liability at $271.21 per share, valued at $13,560 (reported as a disposition under code F).

Key Details

• Grant: 442 RSUs on 2026-02-12 at $246.91 each — total reported value $109,134. (Award under Enpro’s 2020 Equity Compensation Plan.)
• Conversion/Exercise: 191 derivative units converted to shares on 2026-02-13 (SEC shows $0 per-share value for these entries).
• Tax withholding: 50 shares surrendered on 2026-02-13 at $271.21/share, valued $13,560 (code F — to satisfy tax withholding).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing: Form 4 filed 2026-02-13 reporting activity through 2026-02-12/13 (appears timely based on report/filing dates).
• Relevant footnotes: each RSU represents a contingent right to one share and dividend equivalents (awarded under the 2020 Equity Compensation Plan); RSUs are subject to multi-year vesting schedules (approx. equal thirds in 2026–2029 or 2027–2029, per footnotes).

Context

• RSU grants are awards (acquisitions) that vest over time; they don’t require an outlay of cash by the insider. The surrender of shares for taxes (code F) is routine and reflects tax withholding, not an open-market sale signaling sentiment.
• The conversion/exercise of derivative units followed by withholding is a common settlement pattern for RSUs (sometimes called a net settlement) — factual reporting of internal settlement steps rather than a market trade.