James Kerr - 22 Feb 2024 Form 4 Insider Report for GORMAN RUPP CO (GRC)

Signature
James C. Kerr BY:/s/Brigette A. Burnell Attorney-in-Fact
Issuer symbol
GRC
Transactions as of
22 Feb 2024
Net transactions value
$0
Form type
4
Filing time
26 Feb 2024, 15:49:07 UTC
Previous filing
14 Feb 2024
Next filing
14 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRC Common Stock Award $0 +2,477 +10% $0.000000 26,833 22 Feb 2024 Direct F1
transaction GRC Common Stock Tax liability $0 -278 -1% $0.000000 26,555 22 Feb 2024 Direct F2
transaction GRC Common Stock Award $0 +7,395 +28% $0.000000 33,950 22 Feb 2024 Direct F3
transaction GRC Common Stock Tax liability $0 -204 -0.6% $0.000000 33,746 24 Feb 2024 Direct F4, F5
holding GRC Common Stock (Company Stock Plan) 1,698 22 Feb 2024 Direct F6
* 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 932 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 684 restricted stock units.
F5 Balance includes 5,027 unvested restricted stock units granted under the Company's shareholder approved equity plan, which vest between February 2025 and February 2027.
F6 Balance reflects 33 shares of common stock acquired under the Company's Employee Stock Purchase Plan between January 1, 2024 and February 22, 2024.