Gulfo Adele M. 4

What Happened

• Adele M. Gulfo, a Director of Enpro Inc. (NPO), received derivative awards on 2026-03-18 classified as grants/awards (code A). The filing reports 5.000 phantom shares at $250.59 each (value $1,253) plus 0.656 phantom shares at $250.59 each (value $164), totaling roughly $1,417.
• This was not an open-market purchase or sale of company stock but an award of phantom stock/dividend equivalents—typical board compensation rather than a direct cash or share purchase.

Key Details

• Transaction date: 2026-03-18; filing date: 2026-03-19 (timely).
• Price/unit reported: $250.59; amounts: 5.000 shares ($1,253) and 0.656 shares ($164); total ≈ $1,417.
• Shares owned after transaction: not specified numerically in the summary; filing notes the balance includes multiple phantom stock grants, accruals and previously accrued dividend equivalents (see F4).
• Notable footnotes:
  • F2/F5: These are dividend equivalent rights accrued to previously granted phantom stock awards and deferred compensation for non-employee directors.
  • F3: Vesting/payout occurs on the earliest of death, disability, or vesting/payout of the underlying award.
  • F1: 1-for-1 (context for how phantom units convert or are referenced).
• Transaction type: Derivative award (phantom stock/dividend equivalents), code A — not a market trade.

Context

• Phantom stock/dividend equivalents are compensation tied to the company’s stock value but typically settle in cash or shares upon vesting or other triggering events; they do not represent immediate open-market buying pressure.
• For retail investors: awards to directors are routine compensation disclosures and should be viewed differently from direct purchases by insiders, which can be a more direct signal of personal buying conviction.