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, 2025, reporting a transaction.
• The transaction involved the acquisition of phantom stock on April 2, 2025.
• Loudermilk acquired 208 shares of phantom stock at a price of $120.06.
• This acquisition increased his holdings to 15,230 derivative securities.
• The phantom stock is the economic equivalent of GPC common stock and is payable in cash or common stock based on the reporting person's election.
• The report also includes 128 shares of phantom stock acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction by a company director. The acquisition of phantom stock through a dividend reinvestment plan is generally viewed as a positive sign of confidence in the company's future.

Positives

• The acquisition of phantom stock through the Dividend Reinvestment Plan indicates a continued investment in the company by the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Key Dates

Keywords

Form 4, Genuine Parts Co, GPC, Phantom Stock, Robert C Loudermilk Jr., Director, Dividend Reinvestment Plan, Beneficial Ownership