Genuine Parts (GPC) Director Charles K. Stevens III Receives RSU Award

What Happened

• Charles K. Stevens III, a director of Genuine Parts Co. (GPC), was granted 1,810 restricted stock units (RSUs) on May 1, 2026. The award is reported as an acquisition at $0.00 (derivative securities), meaning no cash purchase occurred.
• The RSUs are vested upon grant but are scheduled to convert into shares of GPC common stock on the fifth anniversary of the grant (or earlier upon a change in control or certain termination events).

Key Details

• Transaction date and type: May 1, 2026 — Grant/Award of 1,810 RSUs (SEC transaction code A); reported on Form 4 filed May 5, 2026.
• Price: $0.00 per RSU (award/grant), derivative security.
• Settlement schedule: RSUs convert to shares on the 5th anniversary of the grant, or earlier on change in control or eligible director termination (see footnotes).
• Footnotes from filing: F1 — each RSU entitles holder to one share at settlement; F2 — RSUs vested at grant and convert on fifth anniversary or earlier for specified events; F3 — this is the annual RSU grant to non-employee directors on May 1, 2026.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: Form 4 was filed May 5, 2026 for a May 1 transaction; this is within the standard two-business-day reporting window.

Context

• This is an annual, routine director compensation award for non-employee directors, not a market purchase or sale. Because the RSUs are vested at grant but settled later, the grant reflects compensation/retention practices rather than an immediate change in insider ownership via open-market activity.