Form 4: Genuine Parts Co. Director Acquires Phantom Stock

Director Paul Russell Hardin acquired 267 shares of phantom stock in Genuine Parts Co. on January 3, 2025.

Summary

• Paul Russell Hardin, a director at Genuine Parts Co., acquired 267 shares of phantom stock on January 3, 2025.
• The phantom stock is economically equivalent to common stock and will be payable in cash or common stock based on Hardin's prior deferral election.
• The transaction was reported on a Form 4 filing with the SEC.
• The price of the phantom stock was $117.02 per share.
• Hardin now owns a total of 7,010 shares of phantom stock, including 57 shares acquired through a Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing an insider transaction, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider trading activity.
• The acquisition of phantom stock is a common form of compensation for directors and executives in many companies, including those in the automotive parts industry.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.

Key Dates

Keywords

phantom stock, insider trading, Form 4, director, GPC, Genuine Parts Co., equity, stock