Company: NPO
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001171200-25-000088
Chunk: 26

Company: Enpro Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 26
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 this long-term executive compensation structure aligns with the company’s long-term business strategy and focuses our senior teams on the share-value impact of all decisions, including capital deployment,dispositions and acquisitions, and encourages agile decision-making not influenced by the pursuit of metrics established at the beginning of the performance period that might become outdated and could fail to incentivize appropriate value creation by the end of the respective three-year performance period. To determine the target number of restricted stock units and Performance Share Awards and the number of stock options, the Committee divided the applicable dollar amount by the average closing price of our common stock for the 20 trading days immediately preceding the date of the award for the restricted stock units and Performance Share Awards and by the Black-Scholes accounting value for the stock options. The Committee authorized the award of the stock options at its meeting in February 2024, but deferred the grant of the stock options until the fourth trading day after the issuance of the company’s press release announcing financial results for the fourth quarter and year ended December 31, 2023, with the per share exercise price being set at the closing price per share of our common stock on the NYSE on that fourth trading day. The Committee’s practice is to determine the amount and recipients of annual option awards at its meeting in February but, commencing in 2025, to defer the grant of the options until the second trading date after the later of the issuance of a press release disclosing the company’s prior-fiscal year earnings results and the filing of its Form 10-K for that fiscal year, which is consistent with the Committee’s policy that option awards not be granted until after material information then-known to the company that would affect the value of the options has been publicly disclosed. The following table sets forth the number of share units (at target level of performance) for the Performance Share Awards, the number of stock options and the number of restricted stock units awarded to each named executive officer who received such awards in 2024.

|              |   Performance 
 Share Awards* |    Stock 
 Options* |   Restricted 
 Stock Units* |
| Vaillancourt |         7,233 |   16,984 |        9,644 |
| Bruderek     |         1,387 |    3,258 |        1,850 |
| McLean       |         1,354 |    3,181 |        1,806 |
| Bower        |           489 |    1,148 |