GPC director granted 242 phantom stock units
Cox Richard JR reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Cox Richard JR reported acquisition or exercise transactions in this Form 4 filing.
GENUINE PARTS CO director Richard Cox Jr. received a grant of 242 shares of phantom stock, each economically equivalent to one share of GPC common stock at an indicated value of $103.52 per share. This award brings his phantom stock balance to 5,323 shares, excluding separate common stock holdings.
The phantom stock will be settled in cash or common stock, at his election, based on a prior deferral choice. The total includes 52 phantom shares recently added through a Dividend Reinvestment Plan purchase, reflecting ongoing participation in the company’s deferred compensation and dividend programs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 242 | $103.52 | $25K |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of GPC common stock. The shares of phantom stock become payable in cash or common stock, at the election of the reporting person, pursuant to the reporting person's prior deferral election.
- F2. Includes 52 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase.
Key Figures
Key Terms
Phantom Stock financial
Dividend Reinvestment Plan financial
deferral election financial
FAQ
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What did GPC director Richard Cox Jr. report in this Form 4 filing?
What is phantom stock in the context of GPC’s Form 4 for Richard Cox Jr.?
How many phantom stock units does Richard Cox Jr. hold after this GPC transaction?
How will Richard Cox Jr.’s GPC phantom stock be settled in the future?
AI-generated analysis. How Rhea-AI works. Not financial advice.