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

Director John R. Holder reported the acquisition of phantom stock in Genuine Parts Co. on April 2, 2024.

Summary

• On April 2, 2024, John R. Holder, a director of Genuine Parts Co. (GPC), acquired 163 shares of phantom stock.
• The price of the phantom stock was $153.69 per share.
• Following the transaction, Holder beneficially owns 10,769 shares of phantom stock.
• This includes 68 shares acquired through the 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 a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and large shareholders) to report transactions in their company's stock, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a regulatory requirement for corporate insiders in the US, ensuring transparency in stock transactions.
• Companies like AutoZone and Advance Auto Parts also have similar insider transaction reporting requirements.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• It can influence investor sentiment depending on how the market interprets the insider's actions.

Key Dates