Genuine Parts (NYSE: GPC) director receives 242-share phantom stock award
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cox Richard JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 242 | $103.52 | $25K |
Holdings After Transaction:
Phantom Stock — 5,323 shares (Direct)
Footnotes (1)
- 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. Includes 52 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase.
Key Figures
Phantom stock grant: 242 shares
Grant reference price: $103.52 per share
Total phantom stock after grant: 5,323 shares
+1 more
4 metrics
Phantom stock grant
242 shares
Grant of phantom stock units on 2026-04-02
Grant reference price
$103.52 per share
Indicated value per phantom stock unit
Total phantom stock after grant
5,323 shares
Phantom stock holdings following the reported transaction
Dividend reinvestment phantom shares
52 shares
Portion of phantom stock from most recent Dividend Reinvestment Plan
Key Terms
Phantom Stock, Dividend Reinvestment Plan, deferral election
3 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of GPC common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Dividend Reinvestment Plan financial
"Includes 52 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
deferral election financial
"payable in cash or common stock, at the election of the reporting person, pursuant to the reporting person's prior deferral election."
FAQ
What did GPC director Richard Cox Jr. report in this Form 4 filing?
He reported receiving 242 shares of phantom stock as a grant. These derivative units track GPC common stock value and increased his phantom stock holdings to 5,323 shares, reflecting routine, compensation-related deferred equity rather than an open-market purchase or sale.
What is phantom stock in the context of GPC’s Form 4 for Richard Cox Jr.?
Phantom stock represents units economically equivalent to GPC common stock. According to the filing, each phantom share will be paid in cash or common stock, at the director’s election, under a prior deferral decision, aligning compensation with GPC’s share performance over time.
How many phantom stock units does Richard Cox Jr. hold after this GPC transaction?
After the grant, his reported phantom stock balance is 5,323 shares. This total includes 52 phantom shares acquired through the most recent Dividend Reinvestment Plan purchase, illustrating cumulative deferred compensation and reinvested dividend value linked to GPC’s stock performance.
How will Richard Cox Jr.’s GPC phantom stock be settled in the future?
The phantom stock will be paid out in either cash or GPC common stock. The filing states this settlement method follows his prior deferral election, meaning the form and timing of payment are governed by that pre-established deferred compensation choice.