Form 4: Genuine Parts Co. Executive Sells Shares to Cover Tax Obligations

William P. Stengel II, President of Genuine Parts Co., disposed of shares to satisfy tax withholding obligations related to equity awards.

Summary

• On May 1, 2024, William P. Stengel II, President of Genuine Parts Co., disposed of 646 shares of common stock at a price of $156.77.
• On May 2, 2024, Stengel disposed of 794 shares of common stock at a price of $156.32.
• Following these transactions, Stengel directly owns 29,966 shares of Genuine Parts Co.
• The reported ending balance includes an adjustment of 14,143 shares to correct a previous omission related to his 2022 PRSU award grant, as well as shares from dividend accrual.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The transactions do not appear to have any impact on employees, customers, suppliers, or creditors.

Key Dates