Form 4: Genuine Parts Co. Director Paul Donahue Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul Donahue, Chairman and CEO of Genuine Parts Co., reports transactions involving common stock and restricted stock units.
Summary
- On May 1, 2025, Paul Donahue, Chairman and CEO of Genuine Parts Co., reported changes in beneficial ownership.
- These changes include the disposition of 2,403 common stock shares to cover tax obligations at a price of $117 per share.
- Donahue also acquired 1,624 restricted stock units (RSUs) which vest upon the fifth anniversary of the grant date or earlier upon a change in control or termination as a director due to death, disability, or retirement.
- The RSUs represent the annual RSU grant made to non-employee directors on May 1, 2025.
- Following these transactions, Donahue directly owns 167,472 shares of common stock and indirectly owns 82,951 shares through a family trust and 517 shares through a 401(k) plan.
- The ending balance of common stock has been increased by 298 shares to account for shares from dividend accrual.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents standard transactions related to executive compensation and stock ownership. There is no indication of significant positive or negative news.
Positives
- The acquisition of 1,624 restricted stock units demonstrates continued alignment of the director's interests with the company's long-term performance.
Future Outlook
The RSUs vest upon the fifth anniversary of the grant date, or earlier upon a change in control of GPC or the grantee's termination as a director of GPC by reason of death, disability or retirement.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the insider's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of earliest transaction: disposition of common stock and acquisition of restricted stock units. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
Keywords
beneficial ownership, Form 4, GPC, Genuine Parts Co., restricted stock units, common stock, Paul Donahue, director
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