Kerr James 4

What Happened
Kerr James, Executive Vice President and Chief Financial Officer of Gorman‑Rupp Company (GRC), received awards totaling 7,041 shares on February 25, 2026. The awards consist of 3,881 restricted stock units (RSUs) and 3,160 performance‑based shares. Both grants are reported as awards (transaction code A) with an acquisition price of $0.00 (awarded, not purchased).

Key Details

• Transaction date(s) and price(s): Feb 25, 2026 — 3,881 RSUs @ $0.00 and 3,160 performance shares @ $0.00.
• Shares owned after transaction: The filing notes 22 shares acquired under the company's ESPP between Jan 1 and Feb 25, 2026; the filing does not disclose a total post‑award beneficial‑ownership count.
• Notable footnotes:
  • F1: RSUs vest in annual installments over a three‑year vesting period.
  • F3: Performance‑based shares are tied to achievement of 2024–2025 goals and vest on Dec 31, 2026.
  • F2: Balance reflects 22 shares acquired under the Employee Stock Purchase Plan in the reporting period.
• Timeliness: Form 4 was filed on Feb 27, 2026 for transactions dated Feb 25, 2026 — the filing appears timely.

Context
These awards are compensation grants rather than open‑market purchases or sales. RSUs and performance shares typically do not convert to tradable stock until vesting conditions are met (time‑based vesting for the RSUs; performance and a future vest date for the performance shares). Such grants are common for executive pay and do not, by themselves, indicate immediate buying or selling activity in the market.