Gorman-Rupp (GRC) CEO King has 9,211 shares withheld for tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman-Rupp President and CEO Scott A. King reported a tax-related share disposition. On the vesting of 22,932 stock units, 9,211 common shares were withheld to cover tax liabilities, a non-cash, code F tax-withholding disposition. Following this, he directly owned 76,660 common shares, including 19,833 unvested stock units, and indirectly held 2,135 shares through a 401-K trust, reflecting 9 shares acquired under the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
King Scott A
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,211 | $0.00 | -- |
| holding | Common Stock (401-K Plan) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 76,660 shares (Direct);
Common Stock (401-K Plan) — 2,135 shares (Indirect, By 401-K Trust)
Footnotes (1)
- Shares withheld for payment of tax liability on vesting of 22,932 stock units. Balance includes 19,833 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 Gorman-Rupp (GRC) CEO Scott A. King report?
Scott A. King reported a tax-withholding disposition of 9,211 Gorman-Rupp common shares. These shares were withheld to satisfy tax liabilities arising from the vesting of 22,932 stock units, rather than being sold on the open market.
Was the Gorman-Rupp (GRC) CEO’s Form 4 transaction an open-market sale?
No. The Form 4 describes a code F tax-withholding disposition, where shares are withheld to pay tax liability on vesting of stock units. It does not indicate an open-market sale of shares by the CEO.
What triggered the tax-withholding disposition for Gorman-Rupp (GRC) CEO Scott King?
The tax-withholding disposition was triggered by the vesting of 22,932 stock units. When these equity awards vested, 9,211 shares of Gorman-Rupp common stock were withheld to satisfy the associated tax obligations.