Form 4: Gorman-Rupp Director McClelland Receives Stock Grant

Director Sonja K. McClelland acquired 2,553 shares of Gorman-Rupp Co. stock on April 25, 2025, through a restricted stock grant.

Summary

• On April 25, 2025, Sonja K. McClelland, a director of Gorman-Rupp Co., acquired 2,553 shares of common stock.
• The acquisition was a result of a restricted stock grant under the company's shareholder-approved equity plan.
• The restricted stock vests in full on the date immediately preceding the company's next annual meeting of shareholders.
• Following the transaction, McClelland directly owns 14,482 shares of Gorman-Rupp Co. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The restricted stock vests in full on the date immediately preceding the Company's next annual meeting of shareholders.

Industry Context

This type of stock grant is a common practice for aligning the interests of company directors with those of shareholders, incentivizing them to work towards the long-term success of the company.

Comparison to Industry Standards

• Stock grants to directors are a common practice across publicly traded companies to incentivize performance and align interests with shareholders.
• The size of the grant (2,553 shares) would need to be compared to grants given to directors at similarly sized companies in the industrial sector to determine if it is within the typical range.
• Companies like Xylem, Flowserve, and Pentair are comparable in terms of industry and market capitalization and could be used as benchmarks for director compensation practices.

Stakeholder Impact

• Shareholders may view the stock grant positively as it incentivizes the director to work towards the company's long-term success.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Gorman-Rupp, Director, Stock Grant, Equity Plan, Beneficial Ownership, Restricted Stock, GRC, McClelland