Form 4: Gorman-Rupp EVP and CFO James Kerr Reports Stock Transaction
SEC Form 4 Filing
James Kerr, EVP and CFO of Gorman-Rupp, reports the withholding of shares for tax liability and holdings of unvested stock units.
Summary
- On March 6, 2025, James Kerr, the EVP and CFO of Gorman-Rupp Co., reported a transaction involving the company's common stock.
- 2,962 shares were withheld to cover tax liabilities upon the vesting of 9,838 stock units.
- Following the transaction, Kerr directly owns 43,458 shares of common stock, which includes 15,258 unvested stock units granted under the company's equity incentive plans.
- Kerr also owns 1,914 shares of common stock through the Company Stock Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to stock-based compensation.
Stakeholder Impact
- Shareholders are informed about insider transactions, contributing to transparency.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock transaction and Form 4 filing. |
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