Genuine Parts (NYSE: GPC) director exercises 1,673 RSUs, 455 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENUINE PARTS CO director Paul Russell Hardin reported routine equity compensation activity involving restricted stock units (RSUs). On May 3, 2026, he exercised RSUs covering 1,673 shares of common stock, converting them into shares at a stated price of $0.00 per share. To cover tax obligations, 455 shares of common stock were withheld in a tax-withholding disposition at $104.66 per share, leaving a net increase in his directly held common stock. Following these transactions, he directly owns 6,457 shares of GPC common stock, and the filing shows no remaining RSU derivative position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,673 shares exercised/converted
Mixed
3 txns
Insider
Hardin Paul Russell
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,673 | $0.00 | -- |
| Exercise | Common Stock | 1,673 | $0.00 | -- |
| Tax Withholding | Common Stock | 455 | $104.66 | $48K |
Holdings After Transaction:
Restricted Stock Units — 1,673 shares (Direct, null);
Common Stock — 6,912 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.
Key Figures
RSUs exercised: 1,673 shares
Tax-withholding shares: 455 shares
Tax-withholding price: $104.66 per share
+3 more
6 metrics
RSUs exercised
1,673 shares
Restricted stock units converted to GPC common stock on May 3, 2026
Tax-withholding shares
455 shares
Common stock withheld to cover tax on equity compensation at $104.66/share
Tax-withholding price
$104.66 per share
Reported value for 455-share tax-withholding disposition of common stock
Shares held after transactions
6,457 shares
Director’s direct GPC common stock holdings following Form 4 transactions
RSU derivative transactions
1 transaction
Single RSU exercise converting into common stock
Net open-market trades
0 shares
No open-market buy or sell transactions reported in this Form 4
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnotes describing vested rights"
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 455-share transfer"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for RSUs"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did GENUINE PARTS CO (GPC) director Paul Russell Hardin report?
He reported exercising restricted stock units for 1,673 shares of GPC common stock and a related tax-withholding disposition of 455 shares on May 3, 2026. These actions reflect routine equity compensation mechanics rather than open-market trades.
What do the restricted stock units (RSUs) in the GPC Form 4 represent?
Each restricted stock unit represents a vested right to receive one share of GPC common stock at a future date. According to the footnotes, the units vest on grant and convert into common shares on the fifth anniversary or earlier upon specified events.
How many RSUs did the GPC director convert to common stock in this filing?
The director converted 1,673 restricted stock units into an equal number of GPC common shares. The derivative section shows these RSUs as vested units that were exercised, with no remaining RSU derivative position reported after the conversion transaction.