Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 297

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 297
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 2023March 2, 2023October 30, 2023Fair-value at grant date (per share)$47.27 $45.13 $48.88 Assumptions:Average expected term6 years6 years6 yearsExpected volatility39.59 %39.75 %40.38 %Risk-free interest rate4.02 %4.22 %4.84 %Expected dividend yield0.99 %1.05 %1.01 %The following assumptions were used to estimate the indicated fair value of the 2022 option awards:Grant DateFebruary 15, 2022February 24, 2022Fair-value at grant date (per share)$38.86 $39.07 Assumptions:Average expected term6 years6 yearsExpected volatility39.85 %39.88 %Risk-free interest rate1.99 %1.89 %Expected dividend yield1.06 %1.05 %

85

A summary of option activity under the Plans as of December 31, 2024, and changes during the year then ended, is presented below:Stock Options OutstandingWeighted Average Exercise PriceBalance at December 31, 2023221,427 $90.19 Granted41,801 156.20 Exercised(45,324)74.60 Forfeited(6,036)138.42 Balance at December 31, 2024211,868 $105.17 The year-end intrinsic value related to stock options is presented below: December 31,(in millions)202420232022Options outstanding$14.3 $14.7 $4.9 Options exercisable$10.5 $8.6 $2.4 We recognized the following equity-based employee compensation expenses and benefits related to our options and RSUs: Years Ended December 31,(in millions)202420232022Compensation expense$9.1 $8.8 $6.0 Related income tax benefit$2.5 $2.4 $1.6 Equity-based employee compensation expenses related to our Performance Shares granted in 2023 and 2024 were $3.1 million for 2024 and $0.6 million for 2023. Related income tax benefits were $0.8 million and $0.2 million