Gorman-Rupp (NYSE: GRC) director gets 1,344 shares, gifts 1,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GORMAN RUPP CO director Christopher H. Lake received a grant of 1,344 shares of restricted common stock at $0.00 per share. The award was made under a shareholder-approved equity plan and will vest in full immediately before the company’s next annual meeting of shareholders.
Earlier in the month, Lake made a bona fide gift of 1,000 common shares. After these compensation and gift transactions, he directly holds 44,945 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000 shares gifted
Mixed
2 txns
Insider
LAKE CHRISTOPHER H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $0.00 | -- |
| Gift | Common Stock | 1,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 44,945 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,344 shares at $0.00
Gifted shares: 1,000 shares
Shares held after transactions: 44,945 shares
3 metrics
Restricted stock grant
1,344 shares at $0.00
Award of common stock to director on April 24, 2026
Gifted shares
1,000 shares
Bona fide gift of common stock on April 1, 2026
Shares held after transactions
44,945 shares
Direct holdings following reported Form 4 transactions
Key Terms
restricted stock, shareholder approved equity plan, bona fide gift
3 terms
restricted stock financial
"Represents restricted stock granted under the Company's shareholder approved equity plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
FAQ
What insider transactions did GRC director Christopher H. Lake report?
Christopher H. Lake reported two transactions in Gorman-Rupp (GRC) common stock. He received 1,344 restricted shares as an equity award and made a bona fide gift of 1,000 shares. Both involve no open-market buying or selling activity.
What are the terms of the restricted stock grant to GRC director Lake?
Lake received 1,344 shares of Gorman-Rupp (GRC) restricted stock at no cash cost, granted under a shareholder-approved equity plan. The award vests in full on the date immediately preceding the company’s next annual meeting of shareholders, subject to plan conditions.
Does this GRC Form 4 show any open-market buying or selling by the director?
The Form 4 for Gorman-Rupp (GRC) shows no open-market purchases or sales by director Christopher H. Lake. Activity consists of a restricted stock grant as compensation and a bona fide gift of shares, both non-market transactions.