Gorman-Rupp (NYSE: GRC) VP granted RSUs and performance shares
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
Net Buyer: 1,366 shares
Net Buy
2 txns
Insider
Stoops Ronald F
Role
VP, Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 504 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 862 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 8,661 shares (Direct)
Footnotes (3)
- F1. Represents restricted stock units granted under the Company's equity incentive plans, which vest in annual installments over a three-year vesting period.
- F2. 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.
- F3. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.