Form 4: Genuine Parts Co. Director Hardin Paul Russell Reports Acquisition of Phantom Stock

Director Hardin Paul Russell reported acquiring phantom stock in Genuine Parts Co. on April 2, 2024.

Summary

• On April 2, 2024, Hardin Paul Russell, a director of Genuine Parts Co. (GPC), reported acquiring 203 shares of phantom stock.
• The phantom stock was acquired at a price of $153.69 per share.
• Following the transaction, Russell directly owns 6,139 shares of phantom stock, which includes 39 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 the reporting person's election.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment.

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 insiders.

Stakeholder Impact

• The acquisition of phantom stock by a director could be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates