Form 4: Genuine Parts Co. Director Donna Westbrook Hyland Acquires Phantom Stock

Director Donna Westbrook Hyland acquired 203 shares of phantom stock in Genuine Parts Co. on April 2, 2024, at a price of $153.69 per share.

Summary

• On April 2, 2024, Donna Westbrook Hyland, a director of Genuine Parts Co. (GPC), acquired 203 shares of phantom stock.
• The transaction occurred at a price of $153.69 per share.
• Following the transaction, Hyland directly owns 7,836 shares of phantom stock, which includes 49 shares acquired through a Dividend Reinvestment Plan.
• Each share of phantom stock is the economic equivalent of one share of GPC common stock and is payable in cash or common stock at Hyland's election.

Sentiment

Score: 5

Explanation: This is a neutral informational filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a transaction.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, or those holding 10% or more of a company's shares) buy or sell their company's stock. This provides transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates