Equity grants to Gorman-Rupp (NYSE: GRC) VP D. Patrick Wischmeier
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman-Rupp Company VP of Information Technology D. Patrick Wischmeier reported stock-based awards of company shares. On the reported date, he acquired 504 shares and 924 shares of common stock at no cost through equity incentive grants, including restricted stock units and performance-based shares that vest over multi-year periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wischmeier D Patrick
Role
VP, Information Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 504 | $0.00 | -- |
| Grant/Award | Common Stock | 924 | $0.00 | -- |
| holding | Common Stock (401-K Plan) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,963 shares (Direct);
Common Stock (401-K Plan) — 6,562 shares (Indirect, By 401-K Trust);
Common Stock — 533 shares (Indirect, By spouse)
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 insider transactions did GRC VP D. Patrick Wischmeier report on this Form 4?
D. Patrick Wischmeier reported two stock-based awards in Gorman-Rupp common stock. He acquired 504 shares and 924 shares at no cash cost as equity incentive grants, reflecting compensation rather than open-market purchases or sales.
What types of equity awards did GRC grant to VP D. Patrick Wischmeier?
The awards include restricted stock units that vest in annual installments over three years and performance-based shares earned after meeting 2024–2025 performance goals, which vest on December 31, 2026, according to the footnotes.