Genuine Parts (NYSE: GPC) CEO has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENUINE PARTS CO Chairman, President & CEO William P. Stengel II reported a tax-related share disposition. On May 3, 2026, 2,216 shares of Common Stock were withheld at $103.52 per share to satisfy tax obligations, rather than sold in the open market. After this transaction, he directly owns 110,977 shares of Common Stock. A footnote notes his ending balance was increased by 315 shares from dividend accrual.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STENGEL WILLIAM P II
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,216 | $103.52 | $229K |
Holdings After Transaction:
Common Stock — 110,977 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 2,216 shares
Withholding price per share: $103.52 per share
Shares held after transaction: 110,977 shares
+1 more
4 metrics
Shares withheld for taxes
2,216 shares
Tax-withholding disposition on May 3, 2026
Withholding price per share
$103.52 per share
Value used for tax-withholding disposition
Shares held after transaction
110,977 shares
Direct Common Stock ownership following transaction
Dividend accrual shares
315 shares
Increase to ending balance from dividend accrual
Key Terms
tax-withholding disposition, Common Stock, dividend accrual
3 terms
tax-withholding disposition financial
"reported a tax-withholding disposition of 2,216 Genuine Parts (GPC) Common Stock shares"
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
"2,216 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 was increased by 315 shares due to dividend accrual"
FAQ
What insider transaction did GPC CEO William P. Stengel II report on this Form 4?
William P. Stengel II reported a tax-withholding disposition of 2,216 Genuine Parts (GPC) Common Stock shares. The shares were withheld at $103.52 each to cover tax obligations, rather than sold on the market, and reflect routine equity compensation tax handling.
What does the dividend accrual footnote mean in the GPC CEO’s Form 4?
The footnote states the CEO’s ending balance was increased by 315 shares due to dividend accrual. This suggests additional shares were credited as dividends on existing holdings, modestly increasing his reported direct ownership without a separate purchase transaction.