Form 4: Robert C. Loudermilk Jr. Reports Changes in Beneficial Ownership of Genuine Parts Co. Stock
SEC Form 4 Filing
Director Robert C. Loudermilk Jr. reports transactions involving Genuine Parts Co. stock, including the vesting of restricted stock units and the disposition of shares to cover tax obligations.
Summary
- Robert C. Loudermilk Jr., a director of Genuine Parts Co. (GPC), filed a Form 4 detailing changes in his beneficial ownership of GPC stock.
- On May 1, 2024, 2,063 restricted stock units vested and converted into shares of GPC common stock.
- Also on May 1, 2024, 567 shares were disposed of to satisfy tax withholding obligations at a price of $157.72 per share.
- Following these transactions, Loudermilk directly owns 34,658 shares of GPC common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Restricted stock units vested and shares were disposed of for tax obligations. |
| 05/03/2024 | Date of signature for the Form 4 filing. |
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