King Scott A 4

What Happened Scott A. King, President & CEO and a director of Gorman-Rupp Co. (GRC), was granted two equity awards on February 25, 2026 totaling 12,377 shares (6,210 and 6,167). Both grants are reported at an acquisition price of $0 (award/grant code A); they represent restricted stock units and performance-based shares rather than open-market purchases or sales.

Key Details

• Transaction date(s): February 25, 2026. Form 4 filed February 27, 2026 (appears timely).
• Shares granted: 6,210 (award A) and 6,167 (award A) = 12,377 total; reported acquisition price $0 per share.
• Vesting/conditions:
  • Footnote F1: RSUs vest in annual installments over a three-year period.
  • Footnote F3: Performance-based shares were awarded for 2024–2025 goals and vest on December 31, 2026, if targets are met.
• Additional note (F2): The filing notes a balance reflecting 23 shares acquired under the company’s Employee Stock Purchase Plan between Jan 1 and Feb 25, 2026.
• Shares owned after transaction: not specified in the materials provided.

Context These are equity awards (not open-market purchases or sales). RSUs and performance shares are common forms of executive compensation and typically convert to actual shares only as they vest or performance targets are met; the $0 acquisition price reflects that these were granted awards, not cash purchases. No late-filing indication was provided.