Genuine Parts (GPC) director receives 1,810 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENUINE PARTS CO director Jean-Jacques Lafont received a grant of restricted stock units as equity compensation. On May 1, 2026, he was awarded 1,810 restricted stock units, each representing a vested right to receive one share of GPC common stock at a future date.
The units are vested upon grant but only convert into common shares on the fifth anniversary of the grant date, or earlier if there is a change in control of GPC or if Lafont’s board service ends due to death, disability, or retirement. This grant represents the annual RSU award to non-employee directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lafont Jean-Jacques
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
Conversion timing: Fifth anniversary
+2 more
5 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
Conversion timing
Fifth anniversary
RSUs convert to common stock on fifth anniversary of May 1, 2026 grant
Early conversion triggers
Change in control or qualifying termination
Change in control, death, disability, or retirement of director
Post-transaction RSUs held
1,810 units
Total restricted stock units following this grant
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 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 RSU's represent the annual RSU grant made to non- employee directors on May 1, 2026."
FAQ
What insider transaction did GPC director Jean-Jacques Lafont report?
Jean-Jacques Lafont reported receiving 1,810 restricted stock units from Genuine Parts Co. This equity award was granted on May 1, 2026 as part of the annual RSU grant program for non-employee directors and represents a right to future GPC common shares.
How many GPC restricted stock units did Lafont acquire in this Form 4?
Lafont acquired 1,810 restricted stock units tied to Genuine Parts Co common stock. Each unit represents a vested right to receive one share in the future, giving him exposure to GPC’s equity as part of his compensation for board service.
When do Jean-Jacques Lafont’s GPC restricted stock units convert to common stock?
The restricted stock units convert to GPC common stock on the fifth anniversary of the May 1, 2026 grant date. They may convert earlier if there is a change in control of GPC or if Lafont’s board service ends due to death, disability, or retirement.
Are Lafont’s GPC restricted stock units vested immediately?
Yes, the restricted stock units are vested upon grant, meaning Lafont’s right to receive future GPC shares is earned immediately. However, actual conversion into common stock is delayed until the fifth anniversary or certain earlier events like change in control or qualifying termination.
What triggers early conversion of Lafont’s GPC restricted stock units?
Early conversion can occur upon a change in control of Genuine Parts Co or if Lafont’s service as a director ends because of death, disability, or retirement. In those situations, the vested restricted stock units convert to GPC common stock before the fifth anniversary.
What does each GPC restricted stock unit granted to Lafont represent?
Each restricted stock unit represents a vested right to receive one share of Genuine Parts Co common stock. While the units are not shares themselves, they function as a promise of future stock delivery under the company’s non-employee director compensation program.