Gorman-Rupp (NYSE: GRC) EVP reports 3,566-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brigette A. Burnell, EVP, General Counsel and Secretary of Gorman-Rupp, reported a tax-withholding disposition of 3,566 common shares on March 3, 2026. These shares were withheld to pay taxes on the vesting of 11,514 stock units.
After this transaction, Burnell directly held 40,453 common shares, which includes 6,764 unvested stock units granted under the company’s equity incentive plans. She also indirectly held 368 common shares through a 401-K trust, and the reported balance reflects 9 shares acquired under the Employee Stock Purchase Plan between February 26, 2026 and March 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Burnell Brigette A
Role
EVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,566 | $0.00 | -- |
| holding | Common Stock (401-K Plan) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,453 shares (Direct);
Common Stock (401-K Plan) — 368 shares (Indirect, By 401-K Trust)
Footnotes (1)
- Shares withheld for payment of tax liability on vesting of 11,514 stock units. Balance includes 6,764 unvested stock units granted under the Company's equity incentive plans. Balance reflects 9 shares of common stock acquired under the Company's Employee Stock Purchase Plan between February 26, 2026 and March 3, 2026.
FAQ
What insider transaction did Brigette A. Burnell report for GRC?
Brigette A. Burnell reported a tax-withholding disposition of 3,566 Gorman-Rupp common shares. The shares were withheld to cover tax liability from the vesting of 11,514 stock units, rather than sold in an open-market transaction.
What do the unvested stock units reported for GRC’s Brigette A. Burnell represent?
The 6,764 unvested stock units represent equity awards granted under Gorman-Rupp’s incentive plans that have not yet fully vested. These units may convert into common shares over time, subject to the plan’s vesting conditions and continued employment.