Brigette A. Burnell - Feb 22, 2024 Form 4 Insider Report for GORMAN RUPP CO (GRC)

Signature
/s/Brigette A. Burnell
Stock symbol
GRC
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 03:49 PM
Previous filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRC Common Stock Award $0 +2.2K +11.73% $0.00 21K Feb 22, 2024 Direct F1
transaction GRC Common Stock Tax liability $0 -261 -1.24% $0.00 20.7K Feb 22, 2024 Direct F2
transaction GRC Common Stock Award $0 +6.78K +32.72% $0.00 27.5K Feb 22, 2024 Direct F3
transaction GRC Common Stock Tax liability $0 -490 -1.78% $0.00 27K Feb 24, 2024 Direct F4, F5
holding GRC Common Stock (401-K-Plan) 355 Feb 22, 2024 By 401-K Trust
holding GRC Common Stock (Company Stock Plan) 2.31K Feb 22, 2024 Direct F6
holding GRC Common Stock (Dividend Reinvestment Plant) 663 Feb 22, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted under the Company's shareholder approved equity plan, which vest in annual installments over a three-year vesting period.
F2 Shares withheld for payment of tax liability on vesting of 873 restricted stock units.
F3 Performance-based shares awarded under the Company's shareholder approved equity plan after achieving specific performance goals over the 2022-2023 performance period, which vest on December 31, 2024.
F4 Shares withheld for payment of tax liability on vesting of 1,639 restricted stock units.
F5 Balance includes 5,589 unvested restricted stock units granted under the Company's shareholder approved equity plan, which vest between February 2025 and February 2027.
F6 Balance reflects 34 shares of common stock acquired under the Company's Employee Stock Purchase Plan between January 1, 2024 and February 22, 2024.