Genuine Parts (NYSE: GPC) director converts RSUs and settles tax with 455 shares
Rhea-AI Filing Summary
GENUINE PARTS CO director Juliette W. Pryor reported routine equity compensation transactions involving restricted stock units and related tax withholding. On May 3, 2026, she exercised derivative awards to acquire 1,673 shares of Common Stock through the conversion of vested restricted stock units. In a separate transaction the same day, 455 Common Stock shares were disposed of as a tax-withholding payment at a reported price of $104.66 per share. After these transactions, Pryor directly holds 1,218 shares of Genuine Parts Co common stock. Footnotes explain that each restricted stock unit represents a vested right to receive one share in the future and that the units convert to Common Stock on the fifth anniversary of the grant date or earlier upon specified events.
Positive
- None.
Negative
- None.
Insights
Routine RSU conversion with tax withholding; no open‑market trading.
Juliette W. Pryor, a director of Genuine Parts Co (GPC), converted 1,673 vested restricted stock units into an equal number of Common Stock shares on May 3, 2026. This is coded as an M transaction, an exercise or conversion of a derivative security.
To cover tax obligations, 455 shares were disposed of via an F-code tax-withholding transaction at $104.66 per share. The filing shows 1,218 Common Stock shares directly owned after these events, and no remaining derivative positions listed, indicating a standard compensation and tax-settlement pattern rather than discretionary market buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,673 | $0.00 | -- |
| Exercise | Common Stock | 1,673 | $0.00 | -- |
| Tax Withholding | Common Stock | 455 | $104.66 | $48K |
Footnotes (1)
- Each restricted stock unit represents a vested right to receive one share of GPC common stock at a future date. The restricted stock units are vested upon grant and convert to shares of GPC common stock on the fifth anniversary of the grant date, or earlier upon a change in control of GPC or the grantee's termination as a director of GPC by reason of death, disability or retirement.