Genuine Parts director disposes phantom stock units
Genuine Parts Company director Donna Westbrook Hyland reported a compensation-related transaction involving phantom stock units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Phantom Stock | 2,335 | $110.93 | $259K |
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 103 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase.
Key Figures
Key Terms
Phantom Stock financial
Dividend Reinvestment Plan financial
Disposition to issuer financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GPC director Donna Westbrook Hyland report?
What is phantom stock in the context of Genuine Parts (GPC)?
How many phantom stock units does the GPC director hold after this Form 4?
Was the GPC director’s phantom stock transaction an open-market sale?
How does the Dividend Reinvestment Plan affect GPC phantom stock holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.