Form 4: Genuine Parts Co Director Hardin Paul Russell Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Hardin Paul Russell reports acquiring 225 shares of phantom stock in Genuine Parts Co on October 2, 2024.
Summary
- On October 2, 2024, Hardin Paul Russell, a director of Genuine Parts Co, acquired 225 shares of phantom stock.
- Each share of phantom stock is equivalent to one share of GPC common stock and becomes payable in cash or common stock based on the reporting person's election.
- The price of the phantom stock was $138.75.
- Following the transaction, Russell directly owns 6,686 derivative securities, which includes 46 shares acquired through a Dividend Reinvestment Plan purchase.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider activity, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of transaction: Hardin Paul Russell acquired 225 shares of phantom stock. |
| 10/04/2024 | Date of signature on the Form 4 filing. |
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