secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0001193125-22-053987
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000119312522053987/0001193125-22-053987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000119312522053987/d120002d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-053987

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