Director awarded 1,810 RSUs at Genuine Parts (NYSE: GPC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Charles K. Stevens III received a grant of 1,810 restricted stock units (RSUs). Each RSU represents a vested right to receive one share of GPC common stock at a future date, giving him 1,810 RSUs directly after the transaction.
The RSUs are vested upon grant and are scheduled to convert into GPC common shares on the fifth anniversary of the May 1, 2026 grant. They may convert earlier if there is a change in control of GPC or if his service as a director ends due to death, disability, or retirement. The grant represents the annual RSU award made to non-employee directors on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stevens Charles K. III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,810 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,810 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. The RSU's represent the annual RSU grant made to non- employee directors on May 1, 2026.
Key Figures
RSUs granted: 1,810 restricted stock units
Conversion ratio: 1 RSU = 1 share
Holding after transaction: 1,810 RSUs
+1 more
4 metrics
RSUs granted
1,810 restricted stock units
Annual RSU grant to non-employee director on May 1, 2026
Conversion ratio
1 RSU = 1 share
Each RSU represents a vested right to one GPC common share
Holding after transaction
1,810 RSUs
Total restricted stock units directly held following the grant
Scheduled conversion timing
Fifth anniversary of grant
RSUs convert to GPC common stock on fifth anniversary of May 1, 2026 grant
Key Terms
Restricted Stock Units, change in control, non- employee directors, vested right
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a vested right to receive one share of GPC common stock"
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.
change in control financial
"convert to shares ... on the fifth anniversary ... or earlier upon a change in control of GPC"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
non- employee directors financial
"The RSU's represent the annual RSU grant made to non- employee directors on May 1, 2026."
vested right financial
"Each restricted stock unit represents a vested right to receive one share of GPC common stock"
FAQ
What insider transaction did GPC director Charles K. Stevens III report?
He reported receiving 1,810 restricted stock units as an annual grant. Each RSU is a vested right to one share of Genuine Parts common stock, scheduled to convert into shares on the fifth anniversary of the May 1, 2026 grant date.
How many restricted stock units did GPC (GPC) grant to the director?
Genuine Parts granted 1,810 restricted stock units to the director. These RSUs are fully vested on grant and represent rights to receive 1,810 shares of common stock, subject to conversion timing terms described in the grant’s footnotes.
Are the RSUs granted to the GPC director vested immediately?
Yes, each restricted stock unit represents a vested right to receive one GPC common share. While vesting occurs upon grant, actual share delivery happens on the fifth anniversary of the grant or earlier upon certain change-in-control or qualifying termination events.
What events can accelerate conversion of the GPC director’s RSUs?
Conversion can occur earlier than the fifth anniversary if there is a change in control of Genuine Parts or if the director’s service ends due to death, disability, or retirement. These conditions apply to the 1,810 restricted stock units granted on May 1, 2026.
Is this RSU award part of Genuine Parts’ annual director compensation?
Yes, the filing states the 1,810 restricted stock units represent the annual RSU grant made to non-employee directors on May 1, 2026. This indicates the award is a regular component of Genuine Parts’ board compensation structure for outside directors.