Gorman-Rupp (NYSE: GRC) VP granted RSUs and performance shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman-Rupp Company vice president of finance Ronald F. Stoops reported stock-based awards tied to the company’s common stock. On February 25, he acquired 504 restricted stock units granted under the company’s equity incentive plans, which vest in annual installments over a three-year vesting period.
He also acquired 862 performance-based shares awarded under the equity incentive plans after achieving specific performance goals over the 2024-2025 performance period; these vest on December 31, 2026. A footnote states his balance also reflects 9 shares of common stock acquired through the Employee Stock Purchase Plan between January 1, 2026 and February 25, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stoops Ronald F
Role
VP, Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 504 | $0.00 | -- |
| Grant/Award | Common Stock | 862 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,790 shares (Direct)
Footnotes (1)
- Represents restricted stock units granted under the Company's equity incentive plans, which vest in annual installments over a three-year vesting period. Performance-based shares awarded under the Company's equity incentive plans after achieving specific performance goals over the 2024-2025 performance period, which vest on December 31, 2026. Balance reflects 9 shares of common stock acquired under the Company's Employee Stock Purchase Plan between January 1, 2026 and February 25, 2026.
FAQ
What insider transaction did Gorman-Rupp (GRC) VP Ronald Stoops report?
Ronald F. Stoops reported acquiring stock-based awards tied to Gorman-Rupp common stock. He received 504 restricted stock units and 862 performance-based shares granted under company equity incentive plans, with vesting tied to service and performance over defined future periods.
How many restricted stock units did Gorman-Rupp (GRC) grant to Ronald Stoops?
Ronald Stoops received 504 restricted stock units at no cash cost. These units were granted under Gorman-Rupp’s equity incentive plans and vest in annual installments over a three-year vesting period, aligning his compensation with longer-term company performance and retention.
Did Ronald Stoops pay cash for the Gorman-Rupp (GRC) stock awards?
The reported awards show a transaction price of $0.00 per share, indicating they were granted as compensation rather than purchased in the open market. Value to Stoops depends on future share price and completion of the specified vesting schedules.