GENUINE PARTS (NYSE: GPC) director receives 1,810 restricted stock units as annual award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENUINE PARTS CO director Richard Cox Jr. 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 vest upon grant but 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 his service as a director ends because of death, disability, or retirement. This grant represents the company’s annual RSU award to non-employee directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cox Richard JR
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
Grant price per unit: $0.00 per unit
+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
Grant price per unit
$0.00 per unit
Equity award granted as compensation, not purchased in market
Conversion timing
5 years
RSUs convert on fifth anniversary of May 1, 2026 grant date
Key Terms
Restricted Stock Units, change in control, non- employee directors, Grant, award, or other acquisition
4 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.
change in control financial
"convert to shares ... 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."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did GENUINE PARTS CO (GPC) report for Richard Cox Jr.?
GENUINE PARTS CO reported that director Richard Cox Jr. received 1,810 restricted stock units as an equity award. These RSUs are compensation, not an open-market stock purchase, and give him rights to future GPC common shares under specified conditions.
How many restricted stock units did the GPC director receive in this Form 4 filing?
The filing shows an award of 1,810 restricted stock units to director Richard Cox Jr. Each unit represents the right to receive one share of GENUINE PARTS CO common stock in the future, subject to the plan’s conversion and termination conditions.
When do the restricted stock units for GPC’s director convert into common stock?
The restricted stock units convert into 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 GENUINE PARTS CO or if the director’s service ends due to death, disability, or retirement.
Are the restricted stock units in this GPC Form 4 vested or unvested?
The filing states that each restricted stock unit represents a vested right to receive one share of GPC common stock. Although the rights are vested, actual share delivery occurs at the specified conversion time or upon certain qualifying events.
Is this GPC Form 4 transaction an open-market buy or a compensation grant?
This transaction is a compensation grant, not an open-market buy. The Form 4 uses transaction code A, described as a grant, award, or other acquisition, reflecting GENUINE PARTS CO’s annual RSU grant to non-employee directors rather than a cash stock purchase.
How many GPC restricted stock units does the director hold after this transaction?
After this transaction, the director directly holds 1,810 restricted stock units according to the filing. Each unit corresponds to one share of GENUINE PARTS CO common stock to be delivered later under the plan’s conversion rules and triggering events.