Genuine Parts director exercises 1,673 RSUs
Genuine Parts Company director Richard Cox Jr. exercised 1,673 restricted stock units into common stock and had 455 shares withheld at $104.66 per share to cover tax obligations.
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Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Richard Cox Jr. exercised 1,673 restricted stock units into common stock and had 455 shares withheld at $104.66 per share to cover tax obligations. After these compensation-related transactions, he directly owns 3,290 shares of Genuine Parts common stock.
Insider Trade Summary
1,673 shares exercised/converted
Exercise
3 txns
Insider
Cox Richard JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,673 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,673 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 455 | $104.66 | $48K |
Holdings After Transaction:
Restricted Stock Units — 1,673 contracts (Direct);
Common Stock — 3,290 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a vested right to receive one share of GPC common stock at a future date.
- F2. 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.
Key Figures
RSUs exercised: 1,673 shares
Tax-withheld shares: 455 shares
Withholding price: $104.66 per share
+3 more
6 metrics
RSUs exercised
1,673 shares
Restricted stock units converted to Genuine Parts common stock
Tax-withheld shares
455 shares
Shares delivered to cover tax obligations on equity compensation
Withholding price
$104.66 per share
Value used for 455-share tax-withholding disposition
Shares owned after
3,290 shares
Director’s direct Genuine Parts common stock holdings post-transaction
Exercise transactions
1 transaction, 1,673 shares
Derivative exercise/conversion count and share total
Tax-withholding events
1 transaction, 455 shares
Shares used for payment of tax liability
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a vested right to receive one share of GPC common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GPC director Richard Cox Jr. report on this Form 4?
Richard Cox Jr. reported exercising 1,673 restricted stock units into Genuine Parts common stock. In the same transaction sequence, 455 shares of common stock were withheld to satisfy tax obligations, leaving him with direct ownership of 3,290 Genuine Parts common shares.
What does the exercise of 1,673 restricted stock units indicate for GPC director compensation?
The exercise of 1,673 restricted stock units indicates that previously granted equity awards for the director converted into Genuine Parts common shares. Footnotes describe each restricted stock unit as a vested right to receive one share of GPC common stock at a future date under specified conditions.
Were any open-market buys or sells reported by Richard Cox Jr. in this GPC Form 4?
No open-market purchases or sales were reported in this Form 4. The transactions consist of a derivative exercise of 1,673 restricted stock units into common stock and a tax-withholding disposition of 455 shares, both categorized as compensation-related rather than discretionary market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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