Director Pamela Heminger receives 1,344-share grant at GORMAN RUPP CO (GRC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heminger Pamela A reported acquisition or exercise transactions in this Form 4 filing.
GORMAN RUPP CO director Pamela A. Heminger received a grant of 1,344 shares of common stock as restricted stock compensation. The grant was made at no cash cost to her and came under the company’s shareholder-approved equity plan.
The restricted shares vest in full on the date immediately before the company’s next annual meeting of shareholders, meaning she must remain in service until then to receive them outright. After this award, Heminger directly holds a total of 4,915 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Heminger Pamela A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,915 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 1,344 shares
Grant price per share: $0.0000 per share
Shares held after grant: 4,915 shares
3 metrics
Restricted stock grant
1,344 shares
Common Stock awarded to director Pamela A. Heminger
Grant price per share
$0.0000 per share
Restricted stock granted at no cash cost to director
Shares held after grant
4,915 shares
Heminger’s direct common stock holdings following transaction
Key Terms
restricted stock, shareholder approved equity plan, annual meeting of shareholders
3 terms
restricted stock financial
"Represents restricted stock granted under the Company's shareholder approved equity plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
FAQ
What insider transaction did GORMAN RUPP CO (GRC) report for Pamela A. Heminger?
Pamela A. Heminger received a grant of 1,344 shares of GORMAN RUPP CO common stock. The award was issued as restricted stock under the company’s shareholder-approved equity plan and did not involve any cash purchase on her part.
What plan governs Pamela A. Heminger’s restricted stock grant at GORMAN RUPP CO (GRC)?
The restricted stock grant to Pamela A. Heminger was made under GORMAN RUPP CO’s shareholder-approved equity plan. This plan authorizes the company to grant equity awards such as restricted stock to directors and other participants as part of their compensation.