Director at Genuine Parts (NYSE: GPC) granted 1,810 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Donna Westbrook Hyland received a grant of 1,810 restricted stock units (RSUs) as part of her annual non-employee director compensation on May 1, 2026. Each RSU represents a vested right to receive one share of GPC common stock at a future date.
The RSUs are fully vested upon grant and are scheduled to convert into shares of common stock on the fifth anniversary of the grant date. They may convert earlier if there is a change in control of Genuine Parts Company or if her board service ends due to death, disability, or retirement. Following this grant, she holds 1,810 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hyland Donna Westbrook
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 RSUs represent the annual RSU grant made to non-employee directors on May 1, 2026.
Key Figures
RSUs granted: 1,810 units
Grant price per unit: $0.0000 per unit
RSUs after transaction: 1,810 units
+2 more
5 metrics
RSUs granted
1,810 units
Annual RSU grant to non-employee director on May 1, 2026
Grant price per unit
$0.0000 per unit
Equity compensation grant, no cash paid per RSU
RSUs after transaction
1,810 units
Total restricted stock units held directly following the grant
Underlying common shares
1,810 shares
Each RSU represents one share of Genuine Parts common stock
Grant date
May 1, 2026
Annual RSU grant date for non-employee directors
Key Terms
Restricted Stock Units, vested right, change in control, non-employee directors, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a vested right to receive one share of GPC common stock"
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.
vested right financial
"represents a vested right to receive one share of GPC common stock at a future date"
change in control regulatory
"convert to shares of GPC common stock on the fifth anniversary ... 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 RSUs represent the annual RSU grant made to non-employee directors on May 1, 2026"
termination as a director regulatory
"the grantee's termination as a director of GPC by reason of death, disability or retirement"
FAQ
What did Genuine Parts (GPC) director Donna Westbrook Hyland report in this Form 4?
She reported receiving 1,810 restricted stock units as a grant for her service as a non-employee director. These RSUs are compensation, not an open-market trade, and give her the right to receive the same number of Genuine Parts common shares later.
How many restricted stock units did GPC grant to director Donna Westbrook Hyland?
Genuine Parts granted her 1,810 restricted stock units as an annual award on May 1, 2026. Each unit represents a right to one share of common stock, providing equity-based compensation aligned with shareholder interests over the long term.
When do Donna Westbrook Hyland’s GPC restricted stock units convert into common shares?
The 1,810 restricted stock units are fully vested at grant and convert into common stock on the fifth anniversary of May 1, 2026. They can convert earlier upon a change in control of Genuine Parts or certain qualifying termination events from the board.
Are Donna Westbrook Hyland’s GPC restricted stock units an open-market purchase or sale?
They are not an open-market transaction; they are a grant classified as an acquisition under code A. The RSUs are awarded as director compensation at no cash cost per unit, and later settle in Genuine Parts common stock under the plan terms.
What triggers early conversion of Donna Westbrook Hyland’s GPC restricted stock units?
Early conversion may occur if Genuine Parts undergoes a change in control or if her board service ends because of death, disability, or retirement. In those situations, the RSUs convert into the corresponding number of Genuine Parts common shares sooner than the fifth anniversary.