Director at Genuine Parts (NYSE: GPC) surrenders phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Donna Westbrook Hyland reported a compensation-related transaction involving phantom stock units. She disposed of 2,335 shares of phantom stock to the issuer at $110.93 per share, classified as a disposition to the company rather than an open-market sale.
Each phantom stock share is economically equivalent to one share of Genuine Parts common stock and will be settled in cash or stock based on her prior deferral election. After this transaction, she holds 7,798 phantom stock shares, including 103 shares most recently acquired through a Dividend Reinvestment Plan purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hyland Donna Westbrook
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Phantom Stock | 2,335 | $110.93 | $259K |
Holdings After Transaction:
Phantom Stock — 7,798 shares (Direct, null)
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 103 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase.
Key Figures
Phantom stock disposed: 2,335 shares
Transaction price: $110.93 per share
Phantom stock remaining: 7,798 shares
+1 more
4 metrics
Phantom stock disposed
2,335 shares
Disposition to issuer at $110.93 per share on April 16, 2026
Transaction price
$110.93 per share
Value used for phantom stock disposition to issuer
Phantom stock remaining
7,798 shares
Phantom stock balance following the reported transaction
DRIP phantom shares
103 shares
Portion of phantom stock acquired via most recent Dividend Reinvestment Plan
Key Terms
Phantom Stock, Dividend Reinvestment Plan, Disposition to issuer
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 103 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.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
FAQ
What insider transaction did GPC director Donna Westbrook Hyland report?
Donna Westbrook Hyland reported disposing of 2,335 phantom stock shares back to Genuine Parts Company. The transaction was recorded at $110.93 per share as a disposition to the issuer, not an open-market sale, and relates to her deferred compensation arrangements.
What is phantom stock in the context of Genuine Parts (GPC)?
Phantom stock is a deferred compensation instrument whose value mirrors Genuine Parts common stock. Each phantom share is economically equivalent to one common share and becomes payable in cash or stock later, according to the reporting person’s prior deferral election and plan terms.
How many phantom stock units does the GPC director hold after this Form 4?
After the reported transaction, Donna Westbrook Hyland holds 7,798 phantom stock shares. This total includes 103 phantom shares that were acquired through the most recent Dividend Reinvestment Plan purchase, as noted in the filing’s explanatory footnote.
Was the GPC director’s phantom stock transaction an open-market sale?
No. The transaction is coded as a disposition to the issuer, not an open-market sale. The 2,335 phantom stock shares were returned to Genuine Parts under the company’s compensation and deferral arrangements rather than being sold on the open market.
How does the Dividend Reinvestment Plan affect GPC phantom stock holdings?
The filing notes that 103 phantom stock shares were added through the most recent Dividend Reinvestment Plan purchase. Under such plans, dividends are typically reinvested to acquire additional units, gradually increasing the director’s deferred phantom stock balance over time.