Equity awards boost Gorman-Rupp (NYSE: GRC) CEO share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gorman-Rupp Co President and CEO Scott A. King reported stock-based awards of common shares. On February 25, 2026, he acquired 6,210 and 6,167 common shares at a price of $0.00 per share, reflecting grants under the company’s equity incentive plans rather than open-market purchases.
Footnotes state these include restricted stock units that vest annually over three years and performance-based shares tied to 2024–2025 goals that vest on December 31, 2026. The filing also notes 2,135 common shares held indirectly via a 401-K plan after these updates.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
King Scott A
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,210 | $0.00 | -- |
| Grant/Award | Common Stock | 6,167 | $0.00 | -- |
| holding | Common Stock (401-K Plan) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 79,695 shares (Direct);
Common Stock (401-K Plan) — 2,135 shares (Indirect, By 401-K Trust)
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 23 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 insider transactions did GRC CEO Scott A. King report on this Form 4?
Scott A. King reported stock-based awards, not market trades. He acquired two blocks of common stock as equity grants at $0.00 per share, plus updated holdings in his 401-K plan, reflecting compensation and savings activity rather than open-market buying or selling.
What types of equity awards did GRC disclose for its CEO in this filing?
The filing describes restricted stock units and performance-based shares. Restricted stock units vest in equal annual installments over three years, while separate performance-based shares were granted after meeting 2024–2025 performance goals and are scheduled to vest on December 31, 2026.