Director at Genuine Parts (NYSE: GPC) granted 1,810 RSUs in 2026 award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Laurie Schupmann received a grant of 1,810 restricted stock units (RSUs) on May 1, 2026. The RSUs are vested upon grant and each unit represents a right to receive one share of GPC common stock at a future date.
The RSUs convert into common shares on the fifth anniversary of the grant date, or earlier if there is a change in control of Genuine Parts or if Schupmann’s board service ends due to death, disability, or retirement. Following this grant, she holds 1,810 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schupmann Laurie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,810 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,810 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. The RSU's represent the annual RSU grant made to non- employee directors on May 1, 2026.
Key Figures
RSUs granted: 1,810 units
RSU exercise price: $0.0000 per unit
Underlying common shares: 1,810 shares
+2 more
5 metrics
RSUs granted
1,810 units
Annual RSU grant to non-employee director on May 1, 2026
RSU exercise price
$0.0000 per unit
Grant, award, or other acquisition (compensation)
Underlying common shares
1,810 shares
Each RSU represents one share of GPC common stock
Settlement timing
Fifth anniversary of grant
RSUs convert to common stock after five years or earlier on specified events
Holdings after grant
1,810 RSUs
Total restricted stock units following this transaction
Key Terms
Restricted Stock Units, change in control, non- employee directors
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.
change in control financial
"convert to shares of GPC common stock on the fifth anniversary of the grant date, or earlier upon a change in control of GPC"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
non- employee directors financial
"The RSU's represent the annual RSU grant made to non- employee directors on May 1, 2026."
FAQ
What did Genuine Parts (GPC) director Laurie Schupmann report on this Form 4?
Laurie Schupmann reported receiving 1,810 restricted stock units (RSUs) of Genuine Parts Company on May 1, 2026. These RSUs are part of her annual compensation as a non-employee director and give her rights to future GPC common shares.
How do the 1,810 RSUs granted to GPC director Laurie Schupmann work?
Each RSU granted to Laurie Schupmann represents a vested right to receive one share of GPC common stock. The units are vested immediately upon grant but settle into common shares at a specified future date or upon certain events.
When will Laurie Schupmann’s 1,810 GPC RSUs convert into common stock?
The 1,810 RSUs granted to Laurie Schupmann convert into Genuine Parts common stock on the fifth anniversary of the May 1, 2026 grant date, or earlier if there is a change in control or qualifying termination of her board service.
Are the RSUs granted to GPC director Laurie Schupmann immediately vested?
Yes, the filing states the restricted stock units are vested upon grant. Although vested, they convert to GPC common shares at a later settlement date, generally the fifth anniversary or earlier if specific events such as change in control or retirement occur.
What events can accelerate the conversion of Laurie Schupmann’s GPC RSUs?
The RSUs convert earlier than the fifth anniversary if there is a change in control of Genuine Parts or if Schupmann’s service as a director ends due to death, disability, or retirement, according to the footnotes in the Form 4.
What is the nature of the 2026 RSU grant to Genuine Parts non-employee directors?
The Form 4 notes that these RSUs represent the annual RSU grant made to non-employee directors of Genuine Parts Company on May 1, 2026. This indicates the award is part of standard board compensation rather than an open-market transaction.