Genuine Parts chair exercises 9,730 SARs, withholds shares
Genuine Parts Company non-executive chairman Paul D. Donahue reported equity compensation transactions involving stock appreciation rights and common shares.
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Rhea-AI Filing Summary
Genuine Parts Company non-executive chairman Paul D. Donahue reported equity compensation transactions involving stock appreciation rights and common shares. He exercised 9,730 stock appreciation rights, receiving the same number of common shares at an exercise price of $99.72 per share, tied to an award granted April 1, 2016. To cover tax obligations related to this exercise, 8,740 common shares were disposed of in a tax-withholding transaction at $118.19 per share, rather than through an open-market sale. After these transactions, Donahue directly held 148,007 shares of Genuine Parts common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 9,730 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,730 | $99.72 | $970K |
| Exercise Price or Tax Liability | Common Stock | 8,740 | $118.19 | $1.03M |
Footnotes (1)
- F1. The SAR vested and became exercisable in three equal installments on each of the first three anniversaries of the grant date April 1, 2016.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Genuine Parts (GPC) non-executive chairman Paul Donahue report in this Form 4?
How many Genuine Parts (GPC) stock appreciation rights did Paul Donahue exercise?
What is Paul Donahue’s direct common stock ownership in Genuine Parts (GPC) after these transactions?
How are the Genuine Parts (GPC) transactions classified in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.