Form 4: Genuine Parts Co. Director Acquires Phantom Stock

Juliette Williams Pryor, a director at Genuine Parts Co., acquired 214 shares of phantom stock on January 3, 2025.

Summary

• Juliette Williams Pryor, a director at Genuine Parts Co., acquired 214 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 the director's prior deferral election.
• The transaction was reported in a Form 4 filing with the SEC.
• The director now holds a total of 2,950 shares of phantom stock, including 23 shares acquired through a Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a director's phantom stock acquisition, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as Genuine Parts Co.
• The acquisition of phantom stock by directors is a common form of compensation and alignment of interests with shareholders, similar to practices at companies like AutoZone and Advance Auto Parts.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a director's compensation and alignment with company performance.

Key Dates

Keywords

phantom stock, director, insider trading, GPC, Genuine Parts Co., SEC Form 4, dividend reinvestment plan