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

Director Gary P Fayard reports acquiring 208 shares of 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 on April 3, 2025, reporting a transaction on April 2, 2025.
• The transaction involved the acquisition of 208 shares of phantom stock.
• These shares were acquired through a dividend reinvestment plan.
• The price of the phantom stock was $120.06.
• Following the transaction, Fayard beneficially owns 10,254 derivative securities.
• 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: 6

Explanation: The sentiment is neutral. It's a routine transaction related to dividend reinvestment, indicating a steady state rather than a significant positive or negative outlook.

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 particular filing reflects a director's participation in a dividend reinvestment plan, which is a common practice.

Comparison to Industry Standards

• Dividend reinvestment plans are a common method for corporate insiders to increase their holdings in a company.
• The amount of phantom stock acquired is relatively small compared to the overall holdings of the director.
• Similar filings are regularly made by insiders at comparable companies such as AutoZone and O'Reilly Automotive.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates

Keywords

Form 4, Genuine Parts Co, GPC, Phantom Stock, Dividend Reinvestment Plan, Beneficial Ownership, Director, Gary P Fayard