[Form 3] Genuine Parts Company Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Genuine Parts Company (GPC) – SEC Form 3 filing
The initial beneficial ownership report dated 06/09/2025 identifies Alain Masse, newly disclosed as President, North America Automotive, as a Section 16 insider. Masse reports 6,327 shares of GPC common stock, held directly. No derivative securities (options, warrants, etc.) are listed, and there are no amendments or joint filers. The document includes a power of attorney appointing Chris Galla as attorney-in-fact and is electronically signed on 06/30/2025.
This filing is routine, establishing Masse’s insider status and baseline ownership for future Section 16 compliance. The share amount represents a negligible percentage of GPC’s roughly 141 million outstanding shares and carries no immediate financial impact on the company’s capital structure or governance.
Positive
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Insights
TL;DR – Routine Form 3; declares 6,327 directly-held shares by new NA Automotive President Alain Masse; immaterial to GPC’s valuation.
The Form 3 simply initiates Section 16 reporting for Alain Masse after his elevation to President of North America Automotive. Holding 6,327 shares—well under 0.01 % of shares outstanding—does not alter insider ownership dynamics or voting control. No derivative positions suggest limited equity-linked compensation at this stage. Investors should view the filing as a compliance formality rather than a signal of strategic change or market-moving information.