Director converts 1,673 RSUs at Genuine Parts (NYSE: GPC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Jean-Jacques Lafont exercised restricted stock units into common stock. On May 3, 2026, he converted 1,673 restricted stock units into 1,673 shares of GPC common stock, leaving him with 1,673 common shares held directly. Footnotes explain each restricted stock unit represents a vested right to receive one share, typically converting on the fifth anniversary of the grant or earlier upon specified events.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,673 shares exercised/converted
Mixed
2 txns
Insider
Lafont Jean-Jacques
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,673 | $0.00 | -- |
| Exercise | Common Stock | 1,673 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,673 shares (Direct, null);
Common Stock — 1,673 shares (Direct, null)
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.
Key Figures
RSUs converted: 1,673 units
Common shares received: 1,673 shares
Shares held after transaction: 1,673 shares
+2 more
5 metrics
RSUs converted
1,673 units
Restricted stock units converted into common stock on May 3, 2026
Common shares received
1,673 shares
Shares of Genuine Parts common stock issued upon RSU conversion
Shares held after transaction
1,673 shares
Direct holdings of Genuine Parts common stock following the Form 4 transaction
RSU conversion price
$0.00 per unit
Stated transaction price per restricted stock unit in the Form 4
Transactions classified as acquisitions
2 transactions
Both non-derivative and derivative entries marked as acquire via derivative exercise
Key Terms
Restricted Stock Units, derivative exercise/conversion, derivative security, vested right
4 terms
Restricted Stock Units financial
"The restricted stock units are vested upon grant and convert to shares"
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
derivative security financial
"transaction_code_description": "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.
vested right financial
"Each restricted stock unit represents a vested right to receive one share"
FAQ
What insider transaction did Genuine Parts (GPC) director Jean-Jacques Lafont report?
Jean-Jacques Lafont reported exercising restricted stock units into common shares. He converted 1,673 restricted stock units into 1,673 shares of Genuine Parts common stock, reflecting a compensation-related equity conversion rather than an open-market share purchase or sale.
What was the nature of the restricted stock unit transaction for GPC on May 3, 2026?
The transaction was an exercise or conversion of restricted stock units into common stock. On May 3, 2026, 1,673 vested restricted stock units were converted into 1,673 Genuine Parts common shares at a stated conversion price of $0.00 per unit.
Does the Lafont Form 4 for Genuine Parts (GPC) involve an open-market buy or sell?
The Form 4 does not show any open-market buy or sell. It reports an exercise or conversion of 1,673 restricted stock units into 1,673 common shares, a compensation-related equity event with no separate purchase or sale disclosed in this filing.
What do the footnotes say about Genuine Parts (GPC) restricted stock units held by Jean-Jacques Lafont?
The footnotes state each restricted stock unit represents a vested right to receive one GPC share. They typically convert into common stock on the fifth anniversary of the grant, or earlier upon a change in control or qualifying director termination events.