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 on April 3, 2024, reporting a transaction on April 2, 2024.
• The transaction involved the acquisition of 163 shares of phantom stock at a price of $153.69 per share.
• This acquisition increased his direct holdings of phantom stock to 13,985 shares, which includes 88 shares acquired through a Dividend Reinvestment Plan.
• Each share of phantom stock is equivalent to one share of GPC common stock and is payable in cash or common stock at the reporting person's election.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a routine disclosure of insider activity. The acquisition of phantom stock can be seen as a positive sign, but it's not a major event.

Positives

• The director's participation in the Dividend Reinvestment Plan shows confidence in the company's future.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates