Director Petrella granted 1,344 Gorman-Rupp (NYSE: GRC) restricted shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PETRELLA VINCENT K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,156 shares (Direct, null);
Common Stock — 2,700 shares (Indirect, By Margaret A Petrella 2020 Irrevocable Trust)
Footnotes (1)
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Key Figures
Restricted stock grant: 1,344 shares
Grant price: $0.00 per share
Direct holdings after grant: 14,156 shares
+1 more
4 metrics
Restricted stock grant
1,344 shares
Common stock grant to director Vincent K. Petrella
Grant price
$0.00 per share
Restricted stock issued as compensation
Direct holdings after grant
14,156 shares
Common stock directly owned by Petrella after transaction
Indirect trust holdings
2,700 shares
Held via Margaret A Petrella 2020 Irrevocable Trust
Key Terms
restricted stock, shareholder approved equity plan, irrevocable trust, annual meeting of shareholders
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.
irrevocable trust financial
"By Margaret A Petrella 2020 Irrevocable Trust"
FAQ
What insider transaction did GORMAN RUPP CO (GRC) report for Vincent K. Petrella?
GORMAN RUPP CO reported that director Vincent K. Petrella received a grant of 1,344 shares of common stock as restricted stock. The award was issued at $0.00 per share as part of his equity-based compensation under the company’s shareholder-approved equity plan.
What are the terms of the restricted stock granted to Vincent K. Petrella at GORMAN RUPP CO (GRC)?
The filing states that Petrella’s 1,344 restricted shares vest in full on the date immediately preceding GORMAN RUPP CO’s next annual meeting of shareholders. Until vesting, these shares are subject to restrictions typical of equity awards granted under shareholder-approved plans.
Was the GORMAN RUPP CO (GRC) insider transaction an open-market purchase or a compensation grant?
The transaction was a compensation-related grant, not an open-market trade. Petrella received 1,344 restricted shares at $0.00 per share under the company’s equity plan, classified in the filing as a grant, award, or other acquisition rather than a market purchase.
How are Vincent K. Petrella’s indirect GORMAN RUPP CO (GRC) holdings structured?
The Form 4 shows Petrella has an indirect interest in 2,700 GORMAN RUPP CO common shares. These are held by the Margaret A Petrella 2020 Irrevocable Trust, indicating that part of his economic exposure to the company comes through a trust arrangement rather than direct ownership.