---
schema_version: "secwatch.filing_event.v1"
accession: "0000006955-23-000016"
form_type: "8-K"
ticker: "EPAC"
cik: "0000006955"
company_name: "ENERPAC TOOL GROUP CORP"
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:48:37.260958+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Enerpac grants CEO Paul Sternlieb $4.5M special equity award

## Summary
- Award totals $4.5M stated value: $3M in time-vesting RSUs, $1.5M in performance-vesting PSUs.
- RSUs vest 50% on first anniversary and 50% on second anniversary of grant date.
- PSU vesting tied to net revenue and adjusted EBITDA margin goals over FY2026 (fiscal year ending Aug 31, 2026).
- Award granted under 2017 Omnibus Incentive Plan to incentivize growth and CEO retention.

## SEC filing metadata
- accession: 0000006955-23-000016
- form_type: 8-K
- ticker: EPAC
- cik: 0000006955
- company_name: ENERPAC TOOL GROUP CORP
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6955/000000695523000016/0000006955-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6955/000000695523000016/epac-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000006955-23-000016
- JSON: https://secwatch.observer/filing/0000006955-23-000016.json
- Plain text: https://secwatch.observer/filing/0000006955-23-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.