Cox Richard JR 4
Research Summary
AI-generated summary
Genuine Parts (GPC) Director Richard Cox Receives RSU Award
What Happened
- Richard Cox, a director of Genuine Parts Company (GPC), received a grant of 1,810 restricted stock units (RSUs) on May 1, 2026. The grant is recorded at $0.00 per share (no cash purchase) and is reported as an award/derivative transaction (code A).
- This is the company’s annual RSU grant to non-employee directors; the RSUs are a form of compensation, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-01. Filing date: 2026-05-05 (timely filed).
- Transaction type/code: Award/Grant (A); derivative instrument = RSUs; reported price: $0.00.
- Shares granted: 1,810 RSUs. Shares owned after the transaction: not specified in the filing.
- Footnotes from the filing:
- Each RSU represents a vested right to receive one share of GPC common stock at a future date.
- RSUs are vested upon grant and convert to shares on the fifth anniversary of the grant date, or earlier upon a change in control or the grantee’s termination as a director due to death, disability or retirement.
- These RSUs represent the annual RSU grant made to non-employee directors on May 1, 2026.
Context
- RSU grants to directors are routine compensation and reflect deferred equity compensation rather than an immediate buy/sell signal. The RSUs convert to actual shares on the schedule above or upon specified triggering events.