GENUINE PARTS CO·4

May 5, 2:17 PM ET

Masse Alain 4

Research Summary

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Genuine Parts (GPC) Alain Masse Receives RSUs, Sells Shares for Taxes

What Happened

  • Alain Masse, President, N.A. Automotive for Genuine Parts Co. (GPC), was granted 6,765 restricted stock units (RSUs) on May 1, 2026 (5,715 + 1,050 shares; grant price $0.00). On the same date, 1,096 shares were surrendered/disposed to satisfy tax withholding obligations (329, 502 and 265 shares) at $104.99 per share, resulting in proceeds/withheld value of $115,069 ($34,542 + $52,705 + $27,822).
  • The grants are awards (not open-market purchases). The share disposals are tax-withholding transactions (routine, not necessarily a directional market bet).

Key Details

  • Transaction date: May 1, 2026; Filing date: May 5, 2026 (filed four days after the transactions; may be late relative to the 2-business-day Form 4 requirement).
  • Prices and totals: awards at $0.00 (RSUs); withholding disposals at $104.99/share for a total of $115,069.
  • Transaction codes: A = grant/award; F = payment of exercise price or tax liability (share withholding).
  • Shares surrendered for tax withholding: 1,096 shares total (329 + 502 + 265).
  • Shares granted: 6,765 RSUs total (5,715 + 1,050). Filing notes: F3 indicates some shares were issued in settlement of PRSUs earned and vested under a PRSU awarded May 1, 2023; F1 notes a time‑based RSU grant vesting in equal annual installments over three years.
  • Dividend accrual adjustments: the reporting person’s ending balance was increased by 26 shares (F2) and 48 shares (F4) to reflect dividend accruals.
  • Ending share balance after these transactions is not specified in the provided summary of the filing.

Context

  • The awards are equity compensation (RSUs/PRSUs). The disposals labeled F reflect withholding/surrender of shares to cover tax obligations (a common, administrative step when awards vest). This is not the same as an open-market sale for investment purposes.
  • No 10b5-1 plan or other trading plan is identified in the provided notes.