Wischmeier D Patrick 4

What Happened

• D. Patrick Wischmeier, Vice President, Information Technology at Gorman Rupp Co. (GRC), received two equity awards on February 25, 2026 totaling 1,428 shares: 924 restricted stock units (RSUs) and 504 performance-based shares. Both grants were recorded at $0.00 per share (award grants), so no cash was exchanged at grant.

Key Details

• Transaction date: 2026-02-25 (reported on Form 4 filed 2026-02-27).
• Grants: 924 RSUs (vest in annual installments over a three-year period) and 504 performance-based shares (vesting on 12/31/2026 upon achievement of 2024–2025 performance goals).
• Price per share reported: $0.00 (award/grant).
• Shares owned after transaction: filing shows 23 shares of common stock acquired under the Employee Stock Purchase Plan (ESPP) between Jan 1 and Feb 25, 2026; the 1,428 awards are unvested and not listed as currently owned common stock.
• Transaction code: A = Award/Grant.
• Filing timeliness: Reported two days after the grant (filed Feb 27 for a Feb 25 transaction) — appears timely.

Context

• These were grant awards, not open-market purchases or sales. RSUs and performance shares are compensation tied to service and/or performance and typically do not involve an immediate cash outlay or sale. Such awards signal company compensation actions but are not direct indicators of insider buying or selling activity.