Form 4: Genuine Parts Co. Director Acquires Phantom Stock

Director Donna Westbrook Hyland acquired 267 shares of phantom stock in Genuine Parts Co. on January 3, 2025.

Summary

• On January 3, 2025, Donna Westbrook Hyland, a director at Genuine Parts Co., acquired 267 shares of phantom stock.
• Each share of phantom stock is equivalent to one share of GPC common stock.
• The phantom stock will be payable in cash or common stock at the director's election.
• The transaction was priced at $117.02 per share.
• Following the transaction, Ms. Hyland beneficially owns 8,747 shares of phantom stock, which includes 72 shares acquired through a Dividend Reinvestment Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is neither positive nor negative. The director's continued investment in the company is a neutral signal.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It reflects a director's ongoing investment in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical director compensation and investment practices.
• Many companies use phantom stock as a form of deferred compensation for executives and directors, aligning their interests with the long-term performance of the company.
• The price of $117.02 per share is the market price of the stock at the time of the transaction, which is a standard practice for phantom stock grants.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine acquisition of phantom stock by a director.

Key Dates

Keywords

phantom stock, director, insider trading, GPC, Genuine Parts Co., equity, stock acquisition, dividend reinvestment