Simmons Sidney S. II has reported the acquisition of 34 shares of phantom stock in Enerpac Tool Group Corp, a move that underscores his ongoing role within the company. This transaction, recorded on October 16, 2026, is part of Enerpac's Outside Director's Deferred Compensation Plan, which allows directors to receive phantom stock units that convert into shares of Class A Common Stock upon termination of service or a specified date.
Enerpac Tool Group Corp, identified by the Central Index Key (CIK) 0000006955, operates in the miscellaneous industrial and commercial machinery and equipment sector. The company is headquartered in Milwaukee, Wisconsin, and trades under the symbol EPAC.
According to the recent filing (accession number 0000006955-26-000083), Simmons acquired the phantom stock at a price of $35.17 per share, based on the closing selling price of the Class A Common Stock on the date the dividend equivalent rights were accrued. Following this transaction, Simmons now owns a total of 32,742 shares of Class A Common Stock.
This acquisition may have implications for Enerpac's overall compensation strategy, particularly in how it retains and incentivizes its directors and executives. As the industry continues to navigate competitive landscapes, such decisions can impact talent retention and recruitment efforts.
Details were not available in the SEC filing regarding any further actions or upcoming votes related to this transaction.