Gorman-Rupp (NYSE: GRC) EVP & CFO Kerr receives new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman-Rupp executive vice president and CFO James Kerr reported equity awards in company common stock. On February 25, 2026, he acquired 3,881 shares and an additional 3,160 shares as grant or award transactions at $0.00 per share, reflecting compensation rather than open-market buying.
Footnotes state these include restricted stock units granted under the company’s equity incentive plans that vest annually over three years, and performance-based shares awarded after achieving specific 2024–2025 performance goals that vest on December 31, 2026. Following these awards, Kerr’s directly owned common stock increased to 52,615 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kerr James
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,881 | $0.00 | -- |
| Grant/Award | Common Stock | 3,160 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,455 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. Balance reflects 22 shares of common stock acquired under the Company's Employee Stock Purchase Plan between January 1, 2026 and February 25, 2026. 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.
FAQ
What did GORMAN RUPP CO (GRC) executive James Kerr report on this Form 4?
James Kerr reported stock-based compensation awards, not open-market purchases. He acquired 3,881 shares and 3,160 shares of GORMAN RUPP CO common stock through equity incentive grants, increasing his directly held position to 52,615 shares after the reported transactions.
What vesting terms apply to James Kerr’s new GRC equity awards?
The filing notes restricted stock units vest in annual installments over a three-year period. It also states performance-based shares awarded for 2024–2025 performance vest on December 31, 2026, tying full ownership to continued service and prior performance goals.
What is James Kerr’s GRC common stock holding after these Form 4 transactions?
After these transactions, James Kerr directly holds 52,615 shares of GORMAN RUPP CO common stock. The Form 4 shows incremental increases, with totals updated after each grant or award acquisition recorded on February 25, 2026.
Does the Form 4 mention GRC’s Employee Stock Purchase Plan activity for James Kerr?
Yes, a footnote states his balance reflects 22 shares of GORMAN RUPP CO common stock acquired under the company’s Employee Stock Purchase Plan between January 1, 2026 and February 25, 2026, in addition to the reported incentive-based awards.