Form 4: Gorman Rupp Executive Chairman, Jeffrey Gorman, Reports Changes in Beneficial Ownership

Jeffrey Gorman, Executive Chairman of Gorman Rupp Co, reports changes in beneficial ownership of company stock due to trust transfers and dividend reinvestments.

Summary

• On October 31, 2024, Jeffrey S. Gorman, Executive Chairman of Gorman Rupp Co, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• The reported transactions include the disposal of 3,150 shares each from the Michelle S. Gorman Trust (BR) and the Jeffrey S. Gorman Trust Custody, and the acquisition of 6,300 shares by Family, all at a price of $0.
• These transactions are related to trust transfers and dividend reinvestments occurring between January 1, 2024, and October 31, 2024.
• The filing also reflects adjustments in the number of shares held by various trusts associated with Jeffrey S. Gorman and his family, including the Michelle S. Gorman Trust 2021, the 401-K Trust, and the 2011 Jeffrey S. Gorman Trust (Mechanics).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the transactions of company insiders.

Key Dates