[Form 4] Genuine Parts Company Insider Trading Activity
Rhea-AI Filing Summary
Reporting person: Carruthers Court D, identified as a director of Genuine Parts Company (GPC). On 09/04/2025 the reporting person was granted 449 restricted stock units (RSUs). Each RSU represents a vested right to receive one share of GPC common stock at a future date. The RSUs were granted vested and will convert into 449 shares of common stock on the fifth anniversary of the grant date, or earlier upon a change in control of GPC or if the grantee's service as a director ends due to death, disability or retirement. The reported post-transaction beneficial ownership is 449 shares (direct) and the reported price is $0. The form is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- 449 RSUs granted and vested, indicating immediate entitlement to future shares
- Conversion terms disclosed: RSUs convert to shares on the fifth anniversary or earlier on change in control or qualifying termination
- Transaction recorded as non-cash ($0), consistent with compensation awards rather than market trading
Negative
- None.
Insights
TL;DR: A routine director equity grant of 449 vested RSUs that convert after five years or on specified termination/change-in-control events.
This Form 4 discloses a standard director compensation award: 449 RSUs granted vested at issuance. The award structure — immediate vesting with conversion on the fifth anniversary or earlier upon change in control or qualifying termination — is typical for aligning long-term director incentives with shareholder value while providing change-in-control and retirement protections. For governance review, this is a disclosure of compensation timing and potential future dilution of 449 shares; no debt, sales, or derivative activity was reported.
TL;DR: Insider received 449 RSUs recorded as 449 direct shares pending conversion; transaction appears non-cash, routine.
The transaction is an acquisition of non-derivative equity (RSUs) showing 0 price, indicating a compensation grant rather than a market purchase. The immediate vesting clause followed by five-year conversion suggests long-term retention incentives rather than short-term trading. The reported beneficial ownership post-transaction is limited to 449 shares, which is immaterial relative to typical public company float, and thus likely has minimal market impact. No sales or option exercises were reported.