Form 4: Genuine Parts Co. Director John R. Holder Reports Acquisition of Phantom Stock

Director John R. Holder reports acquiring phantom stock in Genuine Parts Co. through a dividend reinvestment plan.

Summary

• On July 2, 2024, John R. Holder, a director of Genuine Parts Co. (GPC), acquired 184 shares of phantom stock.
• The acquisition was part of a dividend reinvestment plan.
• Each share of phantom stock is equivalent to one share of GPC common stock and can be settled in cash or common stock at Holder's election.
• The price of the phantom stock was $135.79 per share.
• Following the transaction, Holder beneficially owns 11,033 shares of phantom stock, including 80 shares acquired through the most recent Dividend Reinvestment Plan purchase.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's participation in the dividend reinvestment plan suggests confidence in the company. However, it's a routine transaction.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often participate in dividend reinvestment plans or receive stock-based compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding insider transactions.

Key Dates