1,810 RSUs granted to Genuine Parts (NYSE: GPC) board member
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Paul Russell Hardin received a grant of 1,810 restricted stock units (RSUs) on May 1, 2026. Each RSU represents a vested right to receive one share of GPC common stock at a future date.
The RSUs vest upon grant and convert into GPC common shares on the fifth anniversary of the grant date, or earlier if there is a change in control of Genuine Parts or if the director’s service ends because of death, disability, or retirement. Following this award, Hardin holds 1,810 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hardin Paul Russell
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,810 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,810 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a vested right to receive one share of GPC common stock at a future date. The restricted stock units are vested upon grant and convert to shares of GPC common stock on the fifth anniversary of the grant date, or earlier upon a change in control of GPC or the grantee's termination as a director of GPC by reason of death, disability or retirement. The RSU's represent the annual RSU grant made to non- employee directors on May 1, 2026.
Key Figures
RSUs granted: 1,810 units
Underlying shares: 1,810 shares
Post-grant RSU holdings: 1,810 units
+1 more
4 metrics
RSUs granted
1,810 units
Annual RSU grant to non-employee director on May 1, 2026
Underlying shares
1,810 shares
Each RSU represents one share of GPC common stock
Post-grant RSU holdings
1,810 units
Total restricted stock units held after reported transaction
Grant date
May 1, 2026
Date of annual RSU grant to non-employee directors
Key Terms
Restricted Stock Units, change in control, non- employee directors
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a vested right to receive one share of GPC common stock at a future date."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"convert to shares of GPC common stock on the fifth anniversary of the grant date, or earlier upon a change in control of GPC"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
non- employee directors financial
"The RSU's represent the annual RSU grant made to non- employee directors on May 1, 2026."
FAQ
What insider transaction did Genuine Parts (GPC) report for Paul Russell Hardin?
Genuine Parts reported that director Paul Russell Hardin received a grant of 1,810 restricted stock units on May 1, 2026. These RSUs give him a vested right to receive an equal number of GPC common shares at a future date under the company’s director compensation program.
How many restricted stock units did the Genuine Parts (GPC) director receive?
The director received 1,810 restricted stock units. Each unit corresponds to one share of Genuine Parts common stock, so the award represents 1,810 potential future shares, subject to the conversion schedule and conditions described in the company’s equity award terms.
Are the Genuine Parts (GPC) restricted stock units vested immediately?
Yes. The filing states that the restricted stock units are vested upon grant. Although they are fully vested, the RSUs convert into Genuine Parts common shares at a later date, following the five-year schedule or earlier upon certain specified events.
How many Genuine Parts (GPC) restricted stock units does the director hold after this grant?
After the May 1, 2026 grant, the director holds 1,810 restricted stock units directly. This figure matches the size of the current award, indicating this filing shows his RSU position following the reported transaction in the company’s equity plan.