Form 4: Gorman Rupp Executive Chairman Reports Stock Transfer

Jeffrey S. Gorman, Executive Chairman of Gorman Rupp Co, reported a transfer of 400 common stock shares to a trust, with no monetary value exchanged.

Summary

• Jeffrey S. Gorman, the Executive Chairman of Gorman Rupp Co, filed a Form 4 detailing a transaction involving the company's common stock.
• On November 12, 2024, Mr. Gorman transferred 400 shares of common stock to a trust.
• The transaction was a disposal with a price of $0, indicating a transfer rather than a sale.
• Following the transaction, Mr. Gorman's total beneficial ownership includes 1,394,064 shares held indirectly through a trust, 17,546 shares held indirectly through another trust, 175,000 shares held indirectly through Michelle S. Gorman Trust 2021, 72,938 shares held indirectly through a 401-K Trust, 223,285 shares held indirectly through the 2011 Jeffrey S. Gorman Trust (Mechanics), 750,241 shares held indirectly through Family, and 118,926 shares held indirectly through Michelle S. Gorman Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
• These filings are used to disclose changes in beneficial ownership by company insiders, such as directors and officers.
• The reporting requirements are consistent across all companies listed on US exchanges, ensuring transparency and preventing insider trading.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the ownership of company stock by its executive chairman.

Key Dates

Keywords

Form 4, Beneficial Ownership, Gorman Rupp Co, Stock Transfer, Jeffrey S. Gorman, Executive Chairman, Common Stock, Trust