Lafont Jean-Jacques 4

What Happened Jean-Jacques Lafont, a director of Genuine Parts Co. (GPC), reported a conversion (transaction code M) of 1,673 derivative units into 1,673 shares on May 3, 2026. The filing shows both an acquisition of 1,673 shares at $0.00 and a corresponding disposition of 1,673 shares at $0.00; no cash value is reported in the Form 4 entry.

Key Details

• Transaction date: 2026-05-03; transaction code M (exercise/conversion of derivative).
• Reported amounts: 1,673 shares acquired at $0.00 and 1,673 shares disposed at $0.00.
• Shares owned after the transaction: not disclosed in the information provided.
• Footnotes: F1—each restricted stock unit (RSU) represents a vested right to receive one GPC share; F2—these RSUs are vested upon grant and convert to shares on the fifth anniversary of the grant date (or earlier in certain events such as change in control or specified terminations).
• Filing timeliness: no late filing indication provided in the supplied details.

Context Transaction code M indicates an exercise or conversion of a derivative security. According to the filing footnotes, these were restricted stock units that convert into common shares under the plan terms; the Form 4 does not explain why an equal number of shares were also reported as disposed (e.g., tax withholding or immediate sale), so no conclusion about intent or sentiment should be drawn. This type of conversion is typically an administrative issuance rather than an open-market buy or sell by the insider.