Form 4: Gary P Fayard Reports Acquisition of Phantom Stock in Genuine Parts Co.

Director Gary P Fayard reports acquiring phantom stock in Genuine Parts Co. through a dividend reinvestment plan.

Summary

• Gary P Fayard, a director of Genuine Parts Co. (GPC), filed a Form 4 with the SEC.
• The report details the acquisition of phantom stock on October 2, 2024.
• Fayard acquired 180 shares of phantom stock.
• The price of the phantom stock is $138.75.
• Following the transaction, Fayard beneficially owns 9,663 shares of phantom stock.
• 67 shares of phantom stock were acquired through a Dividend Reinvestment Plan purchase.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of phantom stock can be seen as a slightly positive sign of insider confidence, but it's not a major event.

Positives

• The acquisition of phantom stock through a dividend reinvestment plan indicates confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company through phantom stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, but it provides transparency into the director's holdings.

Key Dates