Form 4: Gorman-Rupp CEO Scott A. King Reports Stock Transactions
SEC Form 4 Filing
Gorman-Rupp CEO Scott A. King reports the withholding of shares for tax liability and updates on beneficially owned securities.
Summary
- On March 6, 2025, Scott A. King, the President and CEO of Gorman-Rupp Co., reported transactions related to the company's stock.
- Specifically, 6,832 shares of common stock were withheld for payment of tax liability on the vesting of 19,237 stock units.
- Following the reported transaction, King beneficially owns 69,813 shares of common stock directly, which includes 30,388 unvested stock units granted under the company's equity incentive plans.
- King also indirectly owns 2,102 shares through a 401-K plan and directly owns 3,367 shares through the Company Stock Plan, as well as 81 shares through the Dividend Reinvestment Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of the reported transaction and filing of the Form 4. |
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