Form 4: Genuine Parts Co Director Cox Acquires Phantom Stock
SEC Form 4 Filing
Director Richard Cox Jr. acquired phantom stock in Genuine Parts Co. through a dividend reinvestment plan.
Summary
- On October 2, 2024, Richard Cox Jr., a director of Genuine Parts Co (GPC), acquired 180 shares of phantom stock.
- This includes 26 shares acquired through the Dividend Reinvestment Plan.
- Following the transaction, Cox directly owns 3,852 shares of phantom stock.
- Each share of phantom stock is economically equivalent to one share of GPC common stock and is payable in cash or common stock based on the reporting person's election.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects routine insider activity (phantom stock acquisition via dividend reinvestment).
Positives
- The director's participation in the Dividend Reinvestment Plan shows confidence in the company's future.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. Phantom stock is a common form of deferred compensation.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of transaction: Richard Cox Jr. acquired phantom stock. |
| 10/04/2024 | Date of signature on the Form 4 filing. |
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