Genuine Parts (GPC) chair exercises stock appreciation rights, withholds 8,740 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,730 shares exercised/converted
Mixed
3 txns
Insider
Donahue Paul D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 9,730 | $0.00 | -- |
| Exercise | Common Stock | 9,730 | $99.72 | $970K |
| Tax Withholding | Common Stock | 8,740 | $118.19 | $1.03M |
Holdings After Transaction:
Stock Appreciation Rights — 0 shares (Direct);
Common Stock — 156,747 shares (Direct)
Footnotes (1)
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FAQ
What did Genuine Parts (GPC) non-executive chairman Paul Donahue report in this Form 4?
Paul Donahue reported an equity compensation exercise and related tax-withholding share disposition. He exercised 9,730 stock appreciation rights into common shares, then delivered 8,740 shares to satisfy tax obligations, ending with direct ownership of 148,007 Genuine Parts common shares.
How many Genuine Parts (GPC) stock appreciation rights did Paul Donahue exercise?
Paul Donahue exercised 9,730 stock appreciation rights that had vested from an award granted April 1, 2016. These rights converted into 9,730 Genuine Parts common shares at an exercise price of $99.72 per share, increasing his direct common stock holdings before the tax-withholding disposition.
What is Paul Donahue’s direct common stock ownership in Genuine Parts (GPC) after these transactions?
After exercising stock appreciation rights and the related tax-withholding share disposition, Paul Donahue directly holds 148,007 Genuine Parts common shares. This figure reflects his updated direct ownership position following the derivative exercise and subsequent delivery of shares to satisfy tax obligations.
How are the Genuine Parts (GPC) transactions classified in this Form 4 filing?
The filing shows an exercise of derivative securities (stock appreciation rights) coded M and a tax-withholding disposition coded F. Both transactions are reported as direct ownership events, with the derivative exercise categorized as an acquisition and the F-code transaction as a disposition of common shares.