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

Director Gary P Fayard reported the acquisition of phantom stock in Genuine Parts Co. on April 2, 2024.

Summary

• Gary P Fayard, a director of Genuine Parts Co. (GPC), filed a Form 4 with the SEC.
• The report details the acquisition of 163 shares of phantom stock on April 2, 2024, at a price of $153.69 per share.
• Following the transaction, Fayard beneficially owns 9,163 shares of phantom stock, including 57 shares acquired through a Dividend Reinvestment Plan.
• Each share of phantom stock is the economic equivalent of one share of GPC common stock and is payable in cash or common stock at the reporting person's election.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and not direct ownership changes.

Key Dates