LAKE CHRISTOPHER H 4

What Happened
Lake Christopher, a director of Gorman Rupp Co. (GRC), reported two acquisitions in April 2026: a gift of 1,000 shares on April 1 and a grant/award of 1,344 restricted shares on April 24. Both transactions are reported at $0 per share on the Form 4 (total reported cost $0). The award represents restricted stock rather than an open-market purchase; gifts and awards are not the same as an insider buying shares on the market.

Key Details

• Transaction dates and types: Apr 1, 2026 — Gift of 1,000 shares (code G); Apr 24, 2026 — Award/grant of 1,344 restricted shares (code A). Both reported at $0.00 per share on the form.
• Total shares involved: 2,344 shares acquired in aggregate.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: The 1,344 restricted shares "vest in full on the date immediately preceding the Company's next annual meeting of shareholders." (Footnote F1)
• Filing timeliness: The Apr 24 grant was reported the same day; the Apr 1 gift was reported on Apr 24 — more than the typical 2-business-day Form 4 reporting window, so the earlier gift appears to have been reported late on this filing.

Context

• Gifts and restricted stock awards do not necessarily indicate the director's personal purchase conviction about the company; gifts can be for estate planning or family transfers, and restricted awards are typically compensation or retention.
• Restricted shares vest later (per the footnote), so these shares may be subject to transfer or sale restrictions until vesting.
• Retail investors should view these as informative about insider holdings and compensation but avoid inferring strong buy/sell signals from gifts or standard equity awards alone.