Gorman Rupp (NYSE: GRC) director receives 1,344-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reynolds Kenneth R reported acquisition or exercise transactions in this Form 4 filing.
GORMAN RUPP CO director Kenneth R. Reynolds received a grant of 1,344 shares of Common Stock. The shares were awarded at $0.00 per share as restricted stock under the company’s shareholder-approved equity plan.
Following this grant, Reynolds directly owns 35,406 Common Stock shares. According to the footnote, the restricted stock vests in full on the date immediately preceding the company’s next annual meeting of shareholders, meaning the shares become fully owned at that time if he remains eligible.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reynolds Kenneth R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,406 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,344 shares
Grant price: $0.00 per share
Holdings after grant: 35,406 shares
+2 more
5 metrics
Restricted stock grant
1,344 shares
Common Stock award to director Kenneth R. Reynolds
Grant price
$0.00 per share
Price for restricted stock award
Holdings after grant
35,406 shares
Total Common Stock directly owned after transaction
Vesting timing
Before next annual meeting
Restricted stock vests immediately preceding annual meeting of shareholders
Transaction direction
Acquisition (grant/award)
Non-derivative Common Stock transaction
Key Terms
restricted stock, shareholder approved equity plan, annual meeting of shareholders, grant, award, or other acquisition
4 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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did GORMAN RUPP CO (GRC) director Kenneth R. Reynolds report?
Kenneth R. Reynolds reported receiving a grant of 1,344 shares of GORMAN RUPP CO Common Stock as restricted stock. The award was granted at $0.00 per share under the company’s shareholder-approved equity plan and increased his direct holdings to 35,406 shares.
What type of GORMAN RUPP CO (GRC) equity did Kenneth R. Reynolds receive?
Kenneth R. Reynolds received restricted stock in GORMAN RUPP CO, totaling 1,344 Common Stock shares. These shares were granted under a shareholder-approved equity plan and carry vesting conditions rather than being immediately unrestricted, aligning with typical director compensation practices.