Company: NPO
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001171200-25-000088
Chunk: 44

Company: Enpro Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 44
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| (2) | Number                                                                                                         
 of shares acquired upon vesting includes share units under Performance Share Awards that were settled in cash. |

Pension benefits We currently maintain two defined benefit plans. One, which we refer to as our pension plan, is a broad-based plan that provides funded, tax-qualified benefits up to the limits on compensation and benefits under the Internal Revenue Code. The other provides unfunded, non-qualified benefits in excess of the limits that apply to the pension plan. We call this one the restoration plan. Mr. Childress, who retired in 2024, is the only named executive officer who has participated in those plans. All existing defined benefit plans were closed to new participants prior to the date that each of the other named executive officers joined Enpro. Further accrual of service under the defined benefit pension plans was frozen effective on December 31, 2020. The following table presents the lump-sum value of Mr. Childress’s accumulated benefits under the pension plan at December 31, 2024. Mr. Childress’s benefits under the restoration plan were settled, following his retirement, by a lump-sum payment to him in 2024 of $1,522,004. The assumptions used to estimate the benefits under the pension plan are the same as those assumptions used in Note 14 to our Consolidated Financial Statements in our 2024 annual report and reflect Mr. Childress’s retirement as of May 31, 2024.

| Name                
 (a)                 | Plan    
 Name    
 (b)     |               Number 
             of Years 
 Credited Service (#) 
                  (c) |             Present 
            Value of 
 Accumulated Benefit 
                 ($) 
                 (d) |
| J.                  
 Milton Childress II | Pension |                 15.1 |             836,135 |

Pension plan Benefits under our pension plan are paid monthly as a life annuity. Benefit amounts for salaried employees depend on a participant’s pay and credited service with our company. A salaried participant’s benefit is determined by the greater of the participant’s average compensation over the final 60 months of employment or the highest consecutive 60 months of the participant’s compensation during the final 120 months of the participant’s employment. For purposes of the plan, “compensation” means base pay plus annual performance plan awards. However, compensation for the pension plan is limited under the federal tax code. In addition, benefits provided under the pension plan may not