Form 4: Genuine Parts Co. Executive Herbert Nappier Reports Stock Disposals

EVP Finance and CFO Herbert Nappier reports disposing of Genuine Parts Co. common stock to cover tax obligations.

Summary

• Herbert Nappier, EVP Finance and CFO of Genuine Parts Co., filed a Form 4 detailing changes in beneficial ownership.
• On May 2, 2025, Nappier disposed of 5,389 shares of common stock at $120.29 per share to cover tax obligations.
• An additional 675 shares were disposed of on the same day at the same price.
• On May 3, 2025, Nappier disposed of 861 shares at $118.7 per share.
• Following these transactions, Nappier directly owns 37,854 shares of Genuine Parts Co. common stock.
• The reporting person's ending balance has been increased by 117 shares to account for shares from dividend accrual.
• The reporting person's ending balance has been increased by 436 shares to account for shares from dividend accrual.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock disposals, 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. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may interpret the stock disposal as a lack of confidence, although it is stated to cover tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, GPC, Genuine Parts Co., Nappier, Stock Disposal, Executive, CFO, Finance