Genuine Parts director converts 1,673 RSUs
Genuine Parts Company director Jean-Jacques Lafont exercised restricted stock units into common stock.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,673 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,673 | $0.00 | $0.00 |
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
Key Terms
Restricted Stock Units financial
derivative exercise/conversion financial
derivative security financial
vested right financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Genuine Parts (GPC) director Jean-Jacques Lafont report?
What was the nature of the restricted stock unit transaction for GPC on May 3, 2026?
Does the Lafont Form 4 for Genuine Parts (GPC) involve an open-market buy or sell?
What do the footnotes say about Genuine Parts (GPC) restricted stock units held by Jean-Jacques Lafont?
AI-generated analysis. How Rhea-AI works. Not financial advice.