Form 4: Genuine Parts Co. Director Richard Cox Jr. Reports Phantom Stock Acquisition

Director Richard Cox Jr. of Genuine Parts Co. reported acquiring 214 shares of phantom stock on January 3, 2025.

Summary

• Richard Cox Jr., a director at Genuine Parts Co., filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the acquisition of 214 shares of phantom stock on January 3, 2025.
• These phantom stock shares are economically equivalent to common stock and will be payable in cash or common stock based on the director's prior deferral election.
• The reported price for the phantom stock was $117.02 per share.
• The director now holds a total of 4,099 phantom stock shares, including 33 shares acquired through a Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The reporting of phantom stock is not unusual for executive compensation packages.
• The transaction is similar to other insider filings for directors and officers of comparable companies.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the holdings of company directors.

Key Dates

Keywords

phantom stock, Form 4, insider trading, beneficial ownership, director, GPC, Genuine Parts Co., equity securities