GENUINE PARTS CO SEC Filings

Vanguard Capital Management reported beneficial ownership of 10,392,517 shares of Genuine Parts Co common stock, representing 7.47% of the class as of 03/31/2026. The filing shows sole dispositive power over 10,392,517 shares and sole voting power over 1,400,825 shares. The statement notes holdings include securities held for Vanguard funds and managed accounts and explains affiliation with Vanguard subsidiaries and business divisions.

Genuine Parts Company entered into a seventh amendment to its syndicated credit facility, adding an Initial Term Loan A Facility of $500 million and a Delayed Draw Term Loan Facility of $500 million. These term loans bear interest at SOFR plus 0.875%–1.500% or a base rate plus 0.000%–0.500%, and mature on October 28, 2027.

The company’s shareholders elected all director nominees, approved on an advisory basis the compensation of named executive officers, and ratified Ernst & Young LLP as auditor for fiscal 2026. The Board also declared a regular quarterly cash dividend of $1.0625 per share, payable July 2, 2026 to shareholders of record on June 5, 2026.

Genuine Parts Company reported first-quarter 2026 net sales of $6.26 billion, up 6.8% year over year, driven by price increases, modest volume growth and acquisitions. Gross profit rose 7.6% and gross margin improved to 37.3% as strategic pricing and sourcing offset inflation and tariffs.

Net income declined to $188.5 million, down 3.0%, and diluted EPS slipped to $1.37, mainly due to higher SG&A, restructuring charges, separation costs and interest expense. Adjusted diluted EPS was $1.77, up 1.1%. Industrial posted the strongest EBITDA growth, while International Automotive margins compressed.

The company is preparing to separate into two independent public companies, Global Automotive and Global Industrial, targeted for completion in the first quarter of 2027, and incurred $17.5 million in related separation costs. Cash from operations improved to $63.9 million, aided by a larger $1.25 billion accounts receivable sales facility, and total debt stood at $5.0 billion with average cost of 3.98%.

Genuine Parts Company reported first-quarter 2026 results and reaffirmed its full-year 2026 outlook. Sales were $6.3 billion, up 6.8% from $5.9 billion a year earlier, driven by 2.4% comparable sales growth plus contributions from acquisitions and foreign currency.

GAAP net income was $188.5 million, or $1.37 per diluted share, slightly below $194.4 million and $1.40 in the prior-year quarter. Adjusted net income rose to $244.6 million, or $1.77 per diluted share, versus $243.1 million and $1.75, excluding restructuring and separation-related costs.

North America Automotive sales grew 4.3% to $2.4 billion, International Automotive rose 13.2% to $1.6 billion, and Industrial increased 5.2% to $2.3 billion, with Industrial expanding its EBITDA margin by 90 basis points. Operating cash flow was $63.9 million and free cash flow was a $33.6 million deficit, reflecting seasonally lower cash generation and continued investment. Liquidity totaled $1.3 billion, and management said the planned separation of Global Automotive and Global Industrial remains on track for completion in the first quarter of 2027.

Genuine Parts Company director Donna Westbrook Hyland reported a compensation-related transaction involving phantom stock units. She disposed of 2,335 shares of phantom stock to the issuer at $110.93 per share, classified as a disposition to the company rather than an open-market sale.

Each phantom stock share is economically equivalent to one share of Genuine Parts common stock and will be settled in cash or stock based on her prior deferral election. After this transaction, she holds 7,798 phantom stock shares, including 103 shares most recently acquired through a Dividend Reinvestment Plan purchase.

Genuine Parts Company director Juliette Williams Pryor received a grant of 302 phantom stock units tied to GPC common shares. Each unit is economically equivalent to one share of common stock and will be settled in cash or stock based on her prior deferral election.

After this award, she holds 4,333 phantom stock units, including 41 units acquired through the most recent Dividend Reinvestment Plan purchase. This filing reflects a compensation-related grant rather than an open-market stock purchase or sale.

Cox Richard JR reported acquisition or exercise transactions in this Form 4 filing.

GENUINE PARTS CO director Richard Cox Jr. received a grant of 242 shares of phantom stock, each economically equivalent to one share of GPC common stock at an indicated value of $103.52 per share. This award brings his phantom stock balance to 5,323 shares, excluding separate common stock holdings.

The phantom stock will be settled in cash or common stock, at his election, based on a prior deferral choice. The total includes 52 phantom shares recently added through a Dividend Reinvestment Plan purchase, reflecting ongoing participation in the company’s deferred compensation and dividend programs.

The Vanguard Group filed Amendment No. 14 to Schedule 13G/A reporting 0 shares of Genuine Parts Co Common Stock and 0% beneficial ownership. The amendment explains an internal realignment effective January 12, 2026 that caused certain Vanguard subsidiaries or business divisions to report holdings separately. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.

Genuine Parts Company announced that Naveen Krishna, Executive Vice President and Chief Information & Digital Officer, has notified the company of his intention to resign to pursue other opportunities. He will step down as an executive officer on April 1, 2026, and remain an employee until May 5, 2026 to help transition his responsibilities.

The company does not plan to appoint a direct successor; instead, Mr. Krishna’s duties will be redistributed among other leaders within the organization. He will not receive severance benefits in connection with his voluntary departure.