Tax withholding adjusts Genuine Parts (NYSE: GPC) CFO share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company EVP Finance and CFO Herbert Nappier reported a routine tax-related share disposition. On the reported date, 887 shares of Common Stock were withheld at $103.52 per share to satisfy tax obligations, rather than sold in the open market.
After this tax-withholding disposition, Nappier directly held 56,368 shares of Genuine Parts Common Stock. A footnote explains that the ending balance includes an additional 126 shares credited from dividend accrual, slightly increasing his reported ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nappier Herbert
Role
EVP Finance and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 887 | $103.52 | $92K |
Holdings After Transaction:
Common Stock — 56,368 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 887 shares
Withholding price: $103.52 per share
Shares after transaction: 56,368 shares
+1 more
4 metrics
Tax-withheld shares
887 shares
Common Stock withheld for tax obligations
Withholding price
$103.52 per share
Value used for tax-withholding disposition
Shares after transaction
56,368 shares
Direct Common Stock holdings following disposition
Dividend accrual shares
126 shares
Additional shares credited from dividend accrual
Key Terms
tax-withholding disposition, Common Stock, dividend accrual
3 terms
tax-withholding disposition financial
"887 shares of Common Stock were withheld at $103.52 per share to satisfy tax obligations"
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.
Common Stock financial
"887 shares of Common Stock were withheld at $103.52 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
dividend accrual financial
"ending balance has been increased by 126 shares to account for shares from dividend accrual"
FAQ
What insider transaction did Genuine Parts (GPC) report for Herbert Nappier?
Genuine Parts reported that EVP Finance and CFO Herbert Nappier had 887 Common Stock shares withheld to cover tax obligations. This tax-withholding disposition is an administrative event, not an open-market sale of Genuine Parts shares.
What are Herbert Nappier’s Genuine Parts (GPC) holdings after this filing?
After the tax-withholding disposition, Herbert Nappier directly holds 56,368 Genuine Parts Common Stock shares. A footnote notes his ending balance was increased by 126 shares due to dividend accrual credited to his account.
What does the dividend accrual footnote mean in the Genuine Parts (GPC) filing?
The footnote explains that Herbert Nappier’s ending balance increased by 126 shares from dividend accrual. This indicates additional shares were credited instead of cash dividends, modestly increasing his reported Common Stock holdings.