Genuine Parts (NYSE: GPC) director receives new phantom stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENUINE PARTS CO director Richard Cox Jr received a grant of 211 shares of phantom stock on July 2, 2026. Each phantom share is the economic equivalent of one share of GPC common stock and will be paid in cash or stock based on his prior deferral election.
Following this grant, Cox holds a total of 5,581 phantom stock shares, including 47 shares recently acquired through a Dividend Reinvestment Plan purchase. This is a routine compensation-related award rather than an open-market trade.
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 | Phantom Stock | 211 | $118.75 | $25K |
Holdings After Transaction:
Phantom Stock — 5,581 shares (Direct, null)
Footnotes (1)
- 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. Includes 47 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase.
Key Figures
Phantom stock grant: 211 shares
Grant reference price: $118.75 per share
Total phantom stock after grant: 5,581 shares
+1 more
4 metrics
Phantom stock grant
211 shares
Grant of phantom stock on July 2, 2026
Grant reference price
$118.75 per share
Phantom stock economic equivalent value
Total phantom stock after grant
5,581 shares
Director’s phantom stock balance following award
Dividend Reinvestment Plan phantom shares
47 shares
Portion of phantom stock from most recent DRIP purchase
Key Terms
Phantom Stock, Dividend Reinvestment Plan, deferral election
3 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of GPC common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Dividend Reinvestment Plan financial
"Includes 47 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
deferral election financial
"payable in cash or common stock, at the election of the reporting person, pursuant to the reporting person's prior deferral election."
FAQ
What insider transaction did GPC director Richard Cox Jr report?
Richard Cox Jr reported receiving a grant of 211 phantom stock shares tied to Genuine Parts common stock. These are compensation-related units, not an open‑market share purchase or sale, and increase his deferred, stock‑linked holdings with the company.
What is phantom stock in the Genuine Parts (GPC) Form 4 filing?
Phantom stock in this filing represents units economically equivalent to Genuine Parts common shares. They track the share value and will be settled later in cash or stock, providing equity‑linked compensation without immediately issuing common shares to the director.
How many phantom stock units does Richard Cox Jr hold after this grant?
After the grant, Richard Cox Jr holds 5,581 phantom stock units linked to Genuine Parts common stock. This total includes 47 phantom shares recently added through a Dividend Reinvestment Plan purchase, reflecting ongoing accrual of stock‑based compensation value.
Was the GPC phantom stock grant an open-market buy or sell?
The phantom stock grant was not an open‑market buy or sell. It is a compensation-related award classified as a grant or other acquisition, increasing the director’s deferred phantom stock balance without involving a public market transaction in Genuine Parts shares.
How will the Genuine Parts phantom stock granted to Richard Cox Jr be paid?
The phantom stock will be paid in either cash or Genuine Parts common stock, at Richard Cox Jr’s election. Payment will follow his prior deferral election, meaning value is realized in the future rather than immediately upon the grant date.