Form 4: Robert C. Loudermilk Jr. Reports Acquisition of Phantom Stock in Genuine Parts Co.

Director Robert C. Loudermilk Jr. reports acquiring phantom stock in Genuine Parts Co. through a dividend reinvestment plan.

Summary

• Robert C. Loudermilk Jr., a director of Genuine Parts Co. (GPC), filed a Form 4 disclosing a transaction involving phantom stock.
• On October 2, 2024, Loudermilk acquired 180 shares of phantom stock.
• The price of the phantom stock is $138.75.
• Following the transaction, Loudermilk beneficially owns 14,556 shares of phantom stock.
• The phantom stock is the economic equivalent of GPC common stock and becomes payable in cash or common stock based on Loudermilk's prior deferral election.
• 103 shares of phantom stock were acquired through the most recent Dividend Reinvestment Plan purchase.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing reporting a routine transaction.

Positives

• The acquisition of phantom stock through the Dividend Reinvestment Plan indicates Loudermilk's continued investment in the company.

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 ownership.

Key Dates