Form 4: Gorman-Rupp VP D. Patrick Wischmeier Reports Increased Beneficial Ownership
Insider Trading Report
D. Patrick Wischmeier, VP of Information Technology at Gorman-Rupp Co. (GRC), has reported changes in his beneficial ownership of company common stock, including acquisitions through employee plans and marriage.
Summary
- D. Patrick Wischmeier, VP of Information Technology at Gorman-Rupp Co. (GRC), reported his beneficial ownership of common stock as of July 3, 2025.
- Beneficial ownership includes 2,440 shares under the Company Stock Plan, which reflects an acquisition of 89 shares between March 7, 2025, and July 3, 2025.
- An additional 244 shares are held under the Dividend Reinvestment Plan, including 51 shares acquired between March 7, 2025, and July 3, 2025.
- Direct ownership of common stock stands at 11,570 shares.
- Shares held indirectly through the 401-K Plan total 6,393, reflecting an acquisition of 200 shares between January 1, 2025, and March 31, 2025.
- An indirect beneficial ownership of 533 shares was acquired through his spouse upon marriage on July 3, 2025.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as it indicates an increase in insider beneficial ownership, which is generally viewed as a sign of confidence by management in the company's prospects. However, it is a routine disclosure and does not contain new financial performance data.
Positives
- Increased insider ownership through various acquisition methods, including employee stock plans and dividend reinvestment, signals management confidence in the company's future.
- The acquisition of shares through the 401-K plan demonstrates continued long-term investment by a key executive.
Future Outlook
This document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine disclosure of insider stock transactions, which is common across all publicly traded companies. It reflects an individual executive's personal investment activity rather than broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders may view the increased insider ownership positively, as it aligns the interests of management with those of the shareholders and can signal confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Start of the period during which 200 shares of common stock were acquired under the Company's 401-K Plan. |
| 03/07/2025 | Start of the period during which 89 shares of common stock were acquired under the Company's Employee Stock Purchase Plan and 51 shares under the dividend reinvestment feature of the Company's Direct Stock Purchase. |
| 03/31/2025 | End of the period during which 200 shares of common stock were acquired under the Company's 401-K Plan. |
| 07/03/2025 | Date of earliest transaction reported; end of the acquisition period for shares under the Company Stock Plan and Dividend Reinvestment Plan; date of marriage resulting in beneficial ownership of spouse's shares. |
| 07/07/2025 | Signature date of the reporting person's attorney-in-fact for the Form 4 filing. |
Keywords
Gorman-Rupp Co., GRC, D. Patrick Wischmeier, Insider Trading, Beneficial Ownership, SEC Form 4, Stock Acquisition, Employee Stock Plan, Dividend Reinvestment Plan, 401-K Plan
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