Form 4: Genuine Parts Co: EVP Finance and CFO Herbert Nappier Reports Stock Disposal
SEC Form 4 Filing
Herbert Nappier, EVP Finance and CFO of Genuine Parts Co, reports the disposal of 2,750 shares of common stock to cover tax obligations.
Summary
- On February 28, 2024, Herbert Nappier, the EVP Finance and CFO of Genuine Parts Co, disposed of 2,750 shares of common stock.
- The transaction was executed at a price of $151.75 per share.
- Following the transaction, Nappier directly owns 23,513 shares of Genuine Parts Co.
- The disposal was related to covering tax obligations associated with equity awards.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock disposal for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a stock disposal by the CFO, which is a common occurrence for covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transaction |
| 03/01/2024 | Date of signature on the report |
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