Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 159

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 159
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 the fair value of the awards as of December 31, 2024, which is the end of the performance period. Compensation issued for these performance share awards is subject to market conditions based on the performance of our stock, measured based upon a calculation of total shareholder return, compared to a group of peer companies. As of December 31, 2024 there was $5.2 million of unrecognized compensation cost related to nonvested performance share awards to be settled in shares of common stock. These costs are expected to be recognized over a weighted-average vesting period of 1.7 years. A summary of award activity under the Plans is as follows: Restricted Share UnitsPerformance Shares - Equity SharesWeighted-AverageGrant DateFair ValueSharesWeighted-AverageGrant DateFair ValueNonvested at December 31, 2023113,559 107.07 60,120 148.97 Granted54,862 162.91 53,448 233.69 Vested(51,300)96.34 — — Forfeited(11,531)135.92 (11,786)185.74 Shares settled for cash(6,572)103.19 — — Nonvested at December 31, 202499,018 $138.75 101,782 $187.91 The maximum potential number of shares to be issued at December 31, 2024 is represented by the restricted share units nonvested balance at December 31, 2024. The number of nonvested performance share awards shown in the table above represents the maximum potential shares to be issued. We account for forfeitures when they occur as opposed to estimating the number of awards that are expected to vest as of the grant date. Non-qualified and incentive stock options were granted in 2024, 2023, and 2022. No stock option has a term exceeding 10 years from the date of grant. All stock options were granted at not less than 100% of fair market value (as defined) on the date of grant.  As of December 31, 2024, there was $2.8 million of unrecognized compensation cost related to stock options.The following table provides certain information with respect to stock options as of December 31, 2024: Range of Exercise PriceStock Options OutstandingStock Options ExercisableWeighted Average Exercise PriceWeighted Average Remaining Contractual LifeUnder