CARRUTHERS COURT D 4

What Happened

• Court D. Carruthers, a director of Genuine Parts Company (GPC), was granted 1,810 restricted stock units (RSUs) on May 1, 2026. The Form 4 reports the award as a derivative acquisition (code A) at $0.00 per unit — no cash was exchanged. These RSUs were granted as the company’s annual non-employee director award.

Key Details

• Transaction date: May 1, 2026; filing date (Form 4): May 5, 2026 (filed within the SEC’s 2 business-day window).
• Transaction type/code: Award/Grant (A); 1,810 RSUs acquired at $0.00.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1–F3 indicate (1) each RSU represents a vested right to one share at a future date; (2) RSUs are vested upon grant and will convert to shares on the fifth anniversary of the grant or earlier upon a change in control or the grantee’s death, disability or retirement; (3) this grant was the company’s annual RSU grant to non-employee directors.
• No 10b5-1 plan, tax withholding, or sale/transfer reported.

Context

• RSUs are a form of compensation and are derivative awards that will convert into common stock in the future; because these RSUs vest immediately but settle on the fifth anniversary (or sooner under specified events), they do not represent an immediate open‑market purchase or sale. Annual director RSU grants are common and generally reflect routine compensation rather than a direct trading signal.