Gorman-Rupp (GRC) EVP granted restricted and performance stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman-Rupp executive Brigette A. Burnell, EVP, General Counsel & Secretary, reported equity awards in company stock. She acquired 1,715 restricted stock units granted under the company’s equity incentive plans, which vest in annual installments over a three-year period. She also received 2,852 performance-based shares awarded for achieving specific performance goals over the 2024–2025 performance period, scheduled to vest on December 31, 2026. Her direct common stock holdings increased to 44,010 shares, and she holds 368 shares indirectly through a 401-K trust. The balance also reflects 23 shares of common stock acquired through the Employee Stock Purchase Plan between January 1, 2026 and February 25, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Burnell Brigette A
Role
EVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,715 | $0.00 | -- |
| Grant/Award | Common Stock | 2,852 | $0.00 | -- |
| holding | Common Stock (401-K Plan) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,158 shares (Direct);
Common Stock (401-K Plan) — 368 shares (Indirect, By 401-K Trust)
Footnotes (1)
- Represents restricted stock units granted under the Company's equity incentive plans, which vest in annual installments over a three-year vesting period. Balance reflects 23 shares of common stock acquired under the Company's Employee Stock Purchase Plan between January 1, 2026 and February 25, 2026. Performance-based shares awarded under the Company's equity incentive plans after achieving specific performance goals over the 2024-2025 performance period, which vest on December 31, 2026.
FAQ
What stock awards did GRC executive Brigette A. Burnell receive on this Form 4?
Brigette A. Burnell received 1,715 restricted stock units and 2,852 performance-based shares of Gorman-Rupp common stock. Both awards were granted under the company’s equity incentive plans, with vesting tied to time-based schedules and performance goals.
How do the restricted stock units granted to GRC’s EVP vest?
The 1,715 restricted stock units granted to Gorman-Rupp EVP Brigette A. Burnell vest in annual installments over a three-year vesting period. This structure encourages longer-term alignment with shareholders by spreading the benefit over multiple years.
What indirect Gorman-Rupp holdings does Brigette A. Burnell report?
Brigette A. Burnell reports 368 Gorman-Rupp common shares held indirectly through a 401-K trust. This reflects retirement-plan ownership, separate from her directly held shares and equity incentive awards disclosed in the same Form 4.