Cox Richard JR 4
Research Summary
AI-generated summary
Genuine Parts (GPC) Director Richard Cox Jr. Receives 242-Share Award
What Happened
- Richard Cox Jr., a director of Genuine Parts Co. (GPC), received a grant of 242 shares of phantom stock on 2026-04-02. The award is reported as a derivative acquisition (transaction code A) at a per-share value of $103.52, for a total reported value of $25,052. This was an award/compensation grant (not an open-market purchase).
Key Details
- Transaction date and price: 2026-04-02 at $103.52 per share (total $25,052).
- Transaction type: Award/Grant of phantom stock (derivative), Form 4 accession 0001803475-26-000004.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Each phantom share is the economic equivalent of one GPC common share and will be payable in cash or common stock at the reporting person's election per a prior deferral election.
- F2: The 242-share amount includes 52 phantom shares acquired through the most recent Dividend Reinvestment Plan purchase.
- Timeliness: Filing covers a transaction on 2026-04-02 and was filed on 2026-04-03 (timely).
Context
- Phantom-stock awards are a form of compensation tied to the company's stock value; they are derivative rights rather than immediate ownership of common shares and may be settled in cash or stock later. Such awards are routine compensation for insiders and do not by themselves imply a buy or sell signal about the insider's view of the company's near-term prospects.