Burnell Brigette A 4
4 · GORMAN RUPP CO · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Gorman Rupp (GRC) EVP Brigette Burnell Receives Stock Award
What Happened Brigette A. Burnell, EVP, General Counsel & Secretary of Gorman Rupp Co. (GRC), was granted a total of 4,567 shares on February 25, 2026 via two awards: 1,715 restricted stock units (RSUs) and 2,852 performance-based shares. Both awards were recorded at $0.00 per share (awards/grants rather than purchases), so there was no cash purchase price.
Key Details
- Transaction date: 2026-02-25 (Form 4 filed 2026-02-27; timely filing)
- Awards: 1,715 shares (RSUs) and 2,852 shares (performance-based) — total 4,567 shares; price per share reported $0.00 (code A = Award/Grant)
- Vesting: RSUs vest in annual installments over a three-year period (footnote F1); performance-based shares vest on December 31, 2026 upon achievement of 2024–2025 performance goals (footnote F3)
- Shares/Balance note: filing footnote indicates a balance reflecting 23 shares acquired under the company’s Employee Stock Purchase Plan between Jan 1 and Feb 25, 2026 (footnote F2)
- No sale or exercise occurred; this is a compensation award, not an open-market purchase or disposition
Context These grants are compensation awards under Gorman Rupp’s equity incentive plans. Awards recorded at $0.00 are standard for RSU/performance-share grants (they represent future issuance contingent on vesting and conditions) and do not reflect an immediate market purchase or sale. Such filings inform investors about executive compensation and potential future share issuance upon vesting.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-25+1,715→ 41,158 total - Award
Common Stock
[F3]2026-02-25+2,852→ 44,010 total
- 368(indirect: By Trust)
Common Stock (401-K Plan)
Footnotes (3)
- [F1]Represents restricted stock units granted under the Company's equity incentive plans, which vest in annual installments over a three-year vesting period.
- [F2]Balance reflects 23 shares of common stock acquired under the Company's Employee Stock Purchase Plan between January 1, 2026 and February 25, 2026.
- [F3]Performance-based shares awarded under the Company's equity incentive plans after achieving specific performance goals over the 2024-2025 performance period, which vest on December 31, 2026.