Cox Richard JR 4

What Happened

• Director Richard Cox Jr converted 1,673 restricted stock units (RSUs) into 1,673 shares of Genuine Parts Co. (GPC) common stock on May 3, 2026. To cover the tax liability, 455 of those shares were disposed/withheld at $104.66 per share for total proceeds of $47,620. Net new shares added to his holdings from this conversion were 1,218 (1,673 converted − 455 withheld).

Key Details

• Transaction date: May 3, 2026; Form 4 filed May 6, 2026.
• Conversion/exercise code: M (exercise/conversion of derivative: RSUs → shares).
• Tax withholding code: F (payment of exercise price or tax liability) — 455 shares @ $104.66 = $47,620.
• Net shares retained from conversion: 1,218.
• Footnotes: F1 notes each RSU equals a right to one share; F2 explains these RSUs vest upon grant and generally convert on the fifth anniversary (or earlier on certain events such as change in control or specified director terminations).
• Shares owned after the transaction: not provided in the supplied filing data.

Context

• This was not an open-market purchase or a discretionary sale of existing shares; it was an RSU conversion with a routine withholding/sale of shares to satisfy tax obligations (a common practice when equity awards vest). The filing reports the vest/conversion and withholding—no further insider market-direction signal should be inferred from this single, routine tax-withholding transaction.