Form 4: Genuine Parts Co Director Cox Richard JR Reports Phantom Stock Acquisition

Director Richard JR Cox reports acquisition of phantom stock in Genuine Parts Co through dividend reinvestment.

Summary

• Richard JR Cox, a director of Genuine Parts Co (GPC), reported a transaction involving phantom stock on July 2, 2024.
• Cox acquired 184 shares of phantom stock, each equivalent to one share of GPC common stock, at a price of $135.79.
• Following the transaction, Cox beneficially owns 3,646 shares of phantom stock, including 26 shares acquired through a Dividend Reinvestment Plan.
• The phantom stock becomes payable in cash or common stock at the election of the reporting person.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a transaction. The acquisition of phantom stock can be seen as a positive sign of confidence, but it's not a major event.

Positives

• The acquisition of phantom stock through the Dividend Reinvestment Plan indicates confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company through phantom stock.

Key Dates