Equity awards lift Gorman Rupp (NYSE: GRC) officer share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman Rupp Co officer Angela M. Morehead reported stock-based awards of company shares. She acquired 504 shares and 924 shares of common stock as grants with no cash paid, increasing her direct holdings to 10,811 shares. She also reports 3,986 shares held indirectly through a 401-K trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Morehead Angela M
Role
Treasurer and Asst. Secretary
| 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) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,887 shares (Direct);
Common Stock (401-K Plan) — 3,986 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 insider transaction did Angela Morehead report at GRC?
Angela Morehead reported acquiring company shares through equity awards, not open-market purchases. Two grants of 504 and 924 common shares were recorded at zero price, reflecting restricted stock units and performance-based awards under Gorman Rupp’s equity incentive and employee plans.
What type of GRC stock awards did Angela Morehead receive?
The awards consist of restricted stock units and performance-based shares granted under Gorman Rupp’s equity incentive plans. The restricted units vest annually over three years, while the performance-based shares were earned for 2024-2025 goals and vest on December 31, 2026.