Genuine Parts (NYSE: GPC) insider withholds 403 shares for taxes
Rhea-AI Filing Summary
Genuine Parts Company reported that executive Alain Masse, President, N.A. Automotive, had 403 shares of common stock withheld on August 1, 2026 at $128.52 per share to satisfy tax obligations, leaving his directly held shares at 24,850. A footnote notes this ending balance includes 32 shares from dividend accrual.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 403 shares
Net Sell
1 txn
Insider
Masse Alain
Role
President, N.A. Automotive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 403 | $128.52 | $52K |
Holdings After Transaction:
Common Stock — 24,850 shares (Direct)
Footnotes (1)
- F1. The Reporting Person's ending balance has been increased by 32 shares to account for shares from dividend accrual.
Key Figures
Shares withheld for taxes: 403 shares
Per-share value: $128.52
Shares owned after transaction: 24,850 shares
+1 more
4 metrics
Shares withheld for taxes
403 shares
Code F disposition on August 1, 2026
Per-share value
$128.52
Per-share price used for the withholding transaction
Shares owned after transaction
24,850 shares
Directly held Genuine Parts common stock after withholding
Dividend accrual shares
32 shares
Increase in ending balance from dividend accrual noted in footnote
Key Terms
tax liability, dividend accrual, withholding securities
3 terms
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
dividend accrual financial
"ending balance has been increased by 32 shares to account for shares from dividend accrual"
withholding securities financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GPC executive Alain Masse report?
Alain Masse reported that 403 shares of Genuine Parts common stock were withheld on August 1, 2026 at $128.52 per share. The disposition was coded “F,” indicating shares were used to cover an exercise price or tax liability rather than sold on the open market.
Was the GPC Form 4 transaction by Alain Masse an open-market sale?
No. The Form 4 uses code F, described as “Payment of exercise price or tax liability by delivering or withholding securities.” This indicates 403 shares were withheld to meet obligations, not sold in a discretionary open-market transaction.
Was Alain Masse’s GPC transaction identified as under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not checked, so the transaction is not affirmatively reported as made under a Rule 10b5-1 trading plan. The filing instead characterizes it as a tax or exercise-price related share withholding.
What does the dividend accrual footnote mean in Alain Masse’s GPC filing?
A footnote states Masse’s ending balance was increased by 32 shares to account for dividend accrual. This means additional Genuine Parts shares were credited to him due to dividends, and these are included in the 24,850-share post-transaction holding.