Gorman-Rupp grants performance shares and RSUs to three top executives under 2015 plan

GORMAN RUPP CO

Performance shares target: King 6,162, Kerr 4,930, Burnell 4,519; based on operating income and equity growth.
RSU grants: King 16,108, Kerr 2,054, Burnell 4,917; vest pro-rata over three years ending Feb 24, 2025.
Performance period Jan 1, 2022 – Dec 31, 2023; vesting through Dec 31, 2024; payouts 0-150% of target.
Grants approved Feb 24, 2022 by Compensation Committee under the 2015 Omnibus Incentive Plan.

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