1,810 RSUs granted to Genuine Parts (GPC) non-employee director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genuine Parts Company director Darren M. Rebelez received a grant of 1,810 restricted stock units (RSUs). Each RSU represents a vested right to receive one share of Genuine Parts common stock. The RSUs are vested upon grant and will convert into shares on the fifth anniversary of the May 1, 2026 grant date.
The RSUs may convert earlier if there is a change in control of Genuine Parts or if Rebelez’s service as a director ends because of death, disability, or retirement. Following this award, he holds 1,810 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REBELEZ DARREN M
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 units
RSUs held after transaction: 1,810 units
2 metrics
RSUs granted
1,810 units
Annual RSU grant to non-employee director on May 1, 2026
RSUs held after transaction
1,810 units
Direct holdings following the reported grant
Key Terms
Restricted Stock Units, change in control, non- employee directors
3 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 of GPC common stock 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."
FAQ
What did Genuine Parts (GPC) director Darren Rebelez report on this Form 4?
Darren Rebelez reported receiving 1,810 restricted stock units as a director of Genuine Parts. These RSUs are vested upon grant and each represents the right to receive one share of common stock at a future date, aligning his compensation with shareholder interests.
How many restricted stock units did Darren Rebelez receive from Genuine Parts (GPC)?
He received 1,810 restricted stock units. Each RSU equals a vested right to one Genuine Parts common share. After this grant, his direct holdings in these RSUs total 1,810 units, reflecting his annual equity compensation as a non-employee director on May 1, 2026.
When do Darren Rebelez’s Genuine Parts (GPC) RSUs convert into common stock?
The RSUs convert into Genuine Parts common stock on the fifth anniversary of the May 1, 2026 grant date. They can also convert earlier if there is a change in control of the company or if his board service ends due to death, disability, or retirement.
Are the Genuine Parts (GPC) RSUs granted to Darren Rebelez vested immediately?
Yes, the restricted stock units are vested upon grant. While they are fully vested, the actual conversion into Genuine Parts common shares occurs on the fifth anniversary of the grant or earlier upon specific events like change in control, death, disability, or retirement.
What event triggered the RSU grant to Genuine Parts (GPC) director Darren Rebelez?
The RSUs represent the annual restricted stock unit grant made to non-employee directors on May 1, 2026. This is part of Genuine Parts’ regular director compensation program, providing equity-based awards that mirror the company’s long-term performance for board members.
Under what conditions can Darren Rebelez’s Genuine Parts (GPC) RSUs convert earlier than five years?
They may convert earlier if Genuine Parts undergoes a change in control or if Rebelez’s service as a director ends due to death, disability, or retirement. These provisions allow earlier delivery of shares in significant corporate or personal circumstances.