Gorman-Rupp director granted 1,344 restricted shares
PETRELLA VINCENT K reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
PETRELLA VINCENT K reported acquisition or exercise transactions in this Form 4 filing.
GORMAN RUPP CO director Vincent K. Petrella received a grant of 1,344 shares of common stock as restricted stock compensation. The award was granted at $0.00 per share under the company’s shareholder-approved equity plan and will vest in full on the date immediately preceding the company’s next annual meeting of shareholders.
Following this grant, Petrella directly holds 14,156 shares of GORMAN RUPP CO common stock. He also has an indirect holding of 2,700 shares through the Margaret A Petrella 2020 Irrevocable Trust, reflecting additional exposure via a related trust arrangement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Represents restricted stock granted under the Company's shareholder approved equity plan, which vests in full on the date immediately preceding the Company's next annual meeting of shareholders.
Key Figures
Key Terms
restricted stock financial
irrevocable trust financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GORMAN RUPP CO (GRC) report for Vincent K. Petrella?
What are the terms of the restricted stock granted to Vincent K. Petrella at GORMAN RUPP CO (GRC)?
Was the GORMAN RUPP CO (GRC) insider transaction an open-market purchase or a compensation grant?
How are Vincent K. Petrella’s indirect GORMAN RUPP CO (GRC) holdings structured?
AI-generated analysis. How Rhea-AI works. Not financial advice.