Heminger Pamela A 4
Research Summary
AI-generated summary
Gorman Rupp (GRC) Director Pamela Heminger Receives Award
What Happened
- Pamela A. Heminger, a director of Gorman Rupp Co. (GRC), received an award of 1,344 restricted common shares on April 24, 2026. The grant is reported at an acquisition price of $0.00 per share (total reported value $0), and the shares are subject to vesting.
Key Details
- Transaction date: 2026-04-24; reported on Form 4 filed 2026-04-24.
- Transaction type: Award/Grant of restricted stock (code A).
- Price: $0.00 per share as reported; total reported acquisition value $0.
- Vesting: Footnote indicates the restricted stock vests in full on the date immediately preceding the company’s next annual meeting of shareholders.
- Shares owned after transaction: Not specified in the provided filing information.
- Filing timeliness: No late filing indicated in the record provided.
Context
- Restricted stock awards are a form of compensation for directors and employees and typically vest over time; they are not an open-market purchase or sale and do not by themselves signal buying or selling intent.
- For retail investors, such awards are common and intended for retention/compensation rather than an immediate financial commitment by the insider.