Genuine Parts (GPC) Insider Reports Small Phantom Stock Accrual
Rhea-AI Filing Summary
Genuine Parts Company (GPC) director Richard Cox Jr. reported an insider transaction on July 2 2025 via SEC Form 4.
- Security type: 196 units of phantom stock, each economically equivalent to one GPC common share.
- Transaction code: A (acquisition) – no shares were sold.
- Implied price: $127.30 per unit, valuing the purchase at roughly $25,000.
- Post-transaction holdings: the director now owns 4,574 phantom stock units, including 36 units recently added through the Dividend Reinvestment Plan.
- Settlement choice: units are payable in cash or shares at the insider’s election under a prior deferral agreement.
No open-market common stock trade occurred; the filing reflects deferred compensation accrual rather than a cash outlay for actual shares.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small phantom-stock accrual; neutral signalling.
The 196-unit acquisition increases the director’s deferred stake by about 4%. Because phantom stock is part of a compensation deferral, it does not require cash and carries no voting rights. Value (~$25k) is immaterial relative to GPC’s $20 bn+ market cap, so limited market impact is expected. Still, an all-acquire, no-sell filing modestly aligns insider and shareholder interests.
TL;DR: Routine deferred-comp addition; governance neutral.
The filing signals continued participation in the company’s non-qualified deferred compensation plan. Because the election was made previously, the transaction is administrative rather than discretionary, and thus offers limited insight into the director’s current outlook. No red flags or governance concerns are apparent.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 196 | $127.30 | $25K |
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of GPC common stock. The shares of phantom stock become payable in cash or common stock, at the election of the reporting person, pursuant to the reporting person's prior deferral election. Includes 36 shares of phantom stock acquired through most recent Dividend Reinvestment Plan purchase.