Form 4: Genuine Parts Co. Director Gary P. Fayard Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Gary P. Fayard reported acquiring 184 shares of phantom stock in Genuine Parts Co. on July 2, 2024, according to a Form 4 filing with the SEC.
Summary
- On July 2, 2024, Gary P. Fayard, a director of Genuine Parts Co. (GPC), acquired 184 shares of phantom stock.
- The acquisition was reported in a Form 4 filing with the SEC.
- The price of the phantom stock is $135.79 per share.
- Following the transaction, Fayard beneficially owns 9,416 shares of phantom stock.
- This includes 69 shares acquired through the Dividend Reinvestment Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and officers.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It 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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