Form 4: John D. Johns Reports Acquisition of Phantom Stock in Genuine Parts Co.

Director John D. Johns reports acquiring phantom stock in Genuine Parts Co. through a dividend reinvestment plan.

Summary

• On April 2, 2024, John D. Johns, a director of Genuine Parts Co. (GPC), acquired 220 shares of phantom stock.
• The acquisition was part of a dividend reinvestment plan, adding 201 shares to his holdings.
• Each share of phantom stock is equivalent to one share of GPC common stock and is payable in cash or common stock based on Johns' election.
• Following the transaction, Johns beneficially owns 31,491 shares of phantom stock.
• The price of the phantom stock was $153.69 per share.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the director's participation in the dividend reinvestment plan suggests confidence in the company. However, it's a routine transaction.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates