Genuine Parts (NYSE: GPC) SVP logs small tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENUINE PARTS CO senior vice president and general counsel Christopher T. Galla reported a small, routine tax-related share disposition. On a Form 4, he showed 268 shares of common stock withheld at $103.52 per share to cover tax obligations, not an open-market sale.
After this tax-withholding disposition and a 57-share increase from dividend accrual noted in a footnote, Galla directly holds 24,302 shares of Genuine Parts common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Galla Christopher T
Role
SVP, GC, and Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 268 | $103.52 | $28K |
Holdings After Transaction:
Common Stock — 24,302 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 268 shares
Tax-withholding price: $103.52 per share
Shares held after transaction: 24,302 shares
+1 more
4 metrics
Tax-withholding shares
268 shares
Common Stock delivered to cover tax liability
Tax-withholding price
$103.52 per share
Value used for 268-share tax-withholding disposition
Shares held after transaction
24,302 shares
Direct GPC common stock ownership following Form 4 event
Dividend accrual shares
57 shares
Increase to ending balance from dividend accrual per footnote
Key Terms
tax-withholding disposition, Common Stock, dividend accrual, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 268-share event"
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
"security_title: "Common Stock" in the reported non-derivative transaction"
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 57 shares to account for shares from dividend accrual"
Form 4 regulatory
"INSIDER FILING DATA (Form 4) shows the reported transaction details"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did GPC executive Christopher T. Galla report?
Christopher T. Galla reported a tax-withholding disposition of Genuine Parts common stock. On the Form 4, 268 shares were delivered to cover tax obligations tied to equity compensation, rather than sold in the open market, leaving his overall ownership largely unchanged.
Is the GPC Form 4 transaction an open-market sale by Christopher Galla?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were delivered at $103.52 each to cover tax obligations related to equity awards, a routine administrative event that does not represent a discretionary decision to sell shares in the market.
What does the dividend accrual footnote mean in the GPC Form 4?
The footnote states Galla’s ending balance was increased by 57 shares from dividend accrual. This means previously held, dividend-eligible equity produced additional shares instead of cash dividends, modestly raising his Genuine Parts ownership without a purchase in the open market.