Form 4: Genuine Parts Co. Director Gary P. Fayard Reports Stock Transactions
SEC Form 4 Filing
Director Gary P. Fayard reported the acquisition and disposal of Genuine Parts Co. common stock and restricted stock units on May 1, 2024.
Summary
- On May 1, 2024, Gary P. Fayard, a director of Genuine Parts Co. (GPC), reported transactions involving the company's stock.
- Fayard acquired 2,063 shares of common stock through the vesting of restricted stock units.
- Fayard also disposed of 454 shares of common stock at a price of $157.72 per share.
- Following these transactions, Fayard beneficially owns 10,507 shares of GPC common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock transactions by a company director, which is a routine activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock transactions (acquisition and disposal) and vesting of restricted stock units. |
| 05/03/2024 | Date of signature by Attorney in Fact. |
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