Form 4: Genuine Parts Co Director Acquires Phantom Stock

Director Juliette Williams Pryor acquired phantom stock in Genuine Parts Co through a dividend reinvestment plan.

Summary

• On April 2, 2024, Juliette Williams Pryor, a director of Genuine Parts Co (GPC), acquired 163 shares of phantom stock.
• The phantom stock is the economic equivalent of GPC common stock and becomes payable in cash or common stock based on the reporting person's election.
• The price of the phantom stock was $153.69 per share.
• Following the transaction, Pryor directly owns 2,314 shares of phantom stock, which includes 14 shares acquired through a Dividend Reinvestment Plan purchase.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The director's participation in the Dividend Reinvestment Plan indicates confidence in the company's future.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides stakeholders with insight into the actions of a company director.

Key Dates