Company: NPO
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001140361-25-023910
Chunk: 7

Company: Enpro Inc.
Filing Date: 2025-06-27
Form: 11-K
Chunk 7
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|         | Quoted prices for identical or similar assets or liabilities in inactive markets;                                                                               |
|         | Inputs other than quoted prices that are observable for the asset or liability;                                                                                 |
|         | Inputs that are derived principally from or corroborated by observable market data by correlation or other means.                                               |
| Level 3 | Inputs to the valuation methodology are unobservable and significant to the fair value measurement.                                                             |

7 The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The following is a description of the valuation methodologies used for investments measured at fair value. There have been no changes in the methodology used as of December 31, 2024 or 2023: Mutual funds: Valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and transact at that price. The mutual funds held by the Plan are deemed to be actively traded. Collective trust funds: Valued at the NAV of units of a bank collective trust. The NAV, as provided by the Trustee, is used as a practical expedient to estimate fair value. This practical expedient is not used when it is determined to be probable that the fund will sell the investment for an amount different than the reported NAV. Employer securities: Valued at the closing price reported on the active market (NYSE ticker: NPO) in which the securities are actively traded. Interest-bearing cash: Valued as of the ending cash balance plus any accrued interest held by the Plan as of year-end. Self-directed accounts: Valued at the closing price reported on the active markets on which the individually owned securities are traded. The self-directed accounts consist primarily of common stocks and mutual funds actively traded in public markets and interest-bearing cash balances. The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although management believes the Plan’s valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine fair value of certain financial instruments could result in a different fair value measurement as of the reporting date. The following table sets forth by level, within the fair value