[Form 4] GENUINE PARTS CO Insider Trading Activity
Carey Matt, a director of Genuine Parts Co. (GPC), received a grant of 444 restricted stock units (RSUs) on 09/11/2025 that vested upon grant and will convert into 444 shares of GPC common stock on the fifth anniversary of the grant or earlier if a change in control occurs or the grantee's service terminates due to death, disability or retirement. The RSUs were granted as an addition to a prorated initial grant tied to the director appointment on September 4, 2025. The reported transaction shows 0 purchase price, and the reporting was filed on 09/15/2025 by an attorney-in-fact.
- Director alignment with shareholders: Carey Matt received 444 RSUs, which vest and convert to common stock, aligning the director's incentives with long-term shareholder value.
- Clear vesting and conversion terms: RSUs convert on the fifth anniversary or earlier upon change in control or qualifying termination, providing transparent outcome triggers.
- None.
Insights
TL;DR: Routine director equity award that vests over five years, aligning long-term incentives with shareholders.
The grant of 444 vested restricted stock units that convert on the fifth anniversary or sooner under specified termination or change-in-control events is a standard mechanism to align a newly appointed director's interests with long-term shareholder value. The award is described as supplemental to an initial prorated grant tied to the director's appointment on September 4, 2025. There is no indication of accelerated payout terms beyond the usual change-in-control and certain termination triggers disclosed here. For governance review, this appears customary and not unusually dilutive given the small absolute share count disclosed.
TL;DR: Non-cash director award disclosed; immaterial to company financials at reported size.
The Form 4 reports a non-derivative issuance of 444 shares via restricted stock units at a $0 reported price, with ownership following the transaction listed as 444 shares direct. As a single director grant, this is a routine disclosure under Section 16 and does not present immediate cash flow effects. The filing provides clear vesting and conversion timing but does not indicate any immediate share issuance to the market; conversion occurs on the fifth anniversary or upon specified events. Impact to share count and earnings per share appears immaterial based on the disclosed quantity alone.