Form 4: Genuine Parts Co Director Hardin Paul Russell Reports Stock Transactions
SEC Form 4 Filing
Director Hardin Paul Russell reported the acquisition and disposal of Genuine Parts Co (GPC) common stock and restricted stock units on May 1, 2024.
Summary
- On May 1, 2024, Hardin Paul Russell, a director of Genuine Parts Co (GPC), reported transactions involving the company's stock.
- Russell acquired 2,063 shares of common stock through the vesting of restricted stock units.
- He also disposed of 567 shares of common stock to cover tax obligations at a price of $157.72 per share.
- Following these transactions, Russell directly owns 3,167 shares of GPC common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock transactions: acquisition of 2,063 shares via restricted stock units and disposal of 567 shares for tax obligations. |
| 05/03/2024 | Date of signature by Chris Galla, Attorney in Fact. |
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