Gorman-Rupp (NYSE: GRC) officer logs tax-withheld share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman-Rupp Company officer Angela M. Morehead reported a tax-withholding disposition of 924 shares of common stock, used to pay taxes on the vesting of 3,035 stock units. After this, she directly owned 9,896 shares and indirectly held 3,986 shares through a 401-K trust, including 2,088 unvested stock units and 9 shares acquired under the employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Morehead Angela M
Role
Treasurer and Asst. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 924 | $0.00 | -- |
| holding | Common Stock (401-K Plan) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,896 shares (Direct);
Common Stock (401-K Plan) — 3,986 shares (Indirect, By 401-K Trust)
Footnotes (1)
- Shares withheld for payment of tax liability on vesting of 3,035 stock units. Balance includes 2,088 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 did GRC officer Angela M. Morehead report in this Form 4 filing?
Angela M. Morehead reported a tax-withholding disposition of 924 Gorman-Rupp common shares. The shares were withheld to cover tax on vesting of 3,035 stock units, a routine administrative transaction rather than an open-market sale.
What do the GRC Form 4 footnotes reveal about Angela Morehead’s holdings?
The footnotes state that 924 shares were withheld for taxes on vesting of 3,035 units and that the remaining balance includes 2,088 unvested units. They also note that 9 shares were acquired under the employee stock purchase plan in late February and early March 2026.