Form 4: Genuine Parts Co Director Acquires Phantom Stock
SEC Form 4
Director Juliette Williams Pryor acquired 184 shares of phantom stock in Genuine Parts Co on July 2, 2024, at a price of $135.79 per share.
Summary
- On July 2, 2024, Juliette Williams Pryor, a director of Genuine Parts Co (GPC), acquired 184 shares of phantom stock.
- The price per share was $135.79.
- This transaction increased Pryor's direct holdings of phantom stock to 2,515 shares, which includes 17 shares acquired through a Dividend Reinvestment Plan.
- Each share of phantom stock is equivalent to one share of GPC common stock and can be settled in cash or common stock at Pryor's election.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, neither inherently positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of phantom stock acquisition |
| 07/03/2024 | Date of signature on the Form 4 filing |
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