Morehead Angela M 4

What Happened

• Angela M. Morehead, Treasurer and Assistant Secretary of Gorman-Rupp Co. (GRC), received two equity awards on 2026-02-25: 504 shares and 924 shares, each reported as a grant/acquisition at $0.00 per share (total reported value $0). These awards are grants of restricted/performance-based stock rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely).
• Award details and footnotes:
  • 504 shares: restricted stock units that vest in annual installments over a three-year period (Footnote F1).
  • 924 shares: performance-based shares tied to 2024–2025 goals, vesting on December 31, 2026 (Footnote F3).
  • Filing also notes a balance reflecting 23 shares acquired under the company’s Employee Stock Purchase Plan between Jan 1, 2026 and Feb 25, 2026 (Footnote F2).
• Price per share: $0.00 (awarded, not purchased); total cash exchanged reported = $0.
• Shares owned after transaction: not specified in the provided excerpt beyond the 23 ESPP shares noted (see F2).
• Transaction type code: A = Grant/Award.

Context

• These are compensation awards (RSUs and performance-based shares). They typically vest over time or upon achievement of goals and do not represent an immediate market purchase or sale, so they do not directly signal a buy or sell decision by the insider. Performance shares will only convert to common stock if vesting conditions are met.