[144] GENUINE PARTS CO SEC Filing
Rhea-AI Filing Summary
Genuine Parts Company (GPC) filed a Form 144 notifying a proposed sale of 5,304 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $732,572.57. The filing shows the shares were acquired as restricted stock on 05/02/2023 (5,199 shares) and via dividend reinvestment on 10/05/2022 (105 shares). No securities were reported sold by the filer in the past three months. The filer affirms it is not aware of undisclosed material adverse information about the issuer and includes the Rule 144 representation required for proposed sales by insiders.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider notice under Rule 144 for a small block of shares; appears compliant with disclosure requirements.
The Form 144 documents a proposed brokered sale of 5,304 GPC common shares with explicit acquisition dates and purchase types, meeting Rule 144 disclosure elements. The filing indicates no sales in the prior three months, which is relevant for aggregation rules. The aggregate value (~$732.6k) is immaterial relative to GPC's outstanding shares (139,092,294), suggesting limited market impact. The filer provides the required certification about material undisclosed information and references trading-plan considerations.
TL;DR: The transaction is small relative to company float and is unlikely to affect market dynamics.
The proposed sale via a major brokerage is standard market practice for insider liquidity. Acquisition details show most shares originated from a restricted grant and a small dividend reinvestment, which helps explain timing and eligibility for Rule 144 sale. Given the tiny percentage of outstanding shares represented, this filing is procedural and not indicative of broader insider divestment trends.