Group 1 Automotive (NYSE: GPI) CEO reports large stock gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Group 1 Automotive President & CEO Daryl Kenningham reported two bona fide gifts of common stock. He gifted 12,312.45 shares held directly and 12,312.45 shares held indirectly through the Kenningham Management Trust, both at a reported price of $0 per share. After these gifts, he held 32,159 direct shares and 34,794.91 indirect shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,624.9 shares gifted
Mixed
2 txns
Insider
Kenningham Daryl
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 12,312.45 | $0.00 | -- |
| Gift | Common Stock | 12,312.45 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,159 shares (Direct);
Common Stock — 34,794.91 shares (Indirect, Kenningham Management Trust)
Footnotes (1)
FAQ
What insider transaction did Group 1 Automotive (GPI) CEO Daryl Kenningham report?
Daryl Kenningham reported two bona fide gifts of Group 1 Automotive common stock. He transferred 12,312.45 shares held directly and 12,312.45 shares held indirectly, both recorded at a price of $0 per share, indicating non-sale transfers.
What are Daryl Kenningham’s Group 1 Automotive (GPI) holdings after the reported gifts?
After the reported gifts, Daryl Kenningham directly owns 32,159 Group 1 Automotive shares. Indirectly, through the Kenningham Management Trust, 34,794.91 shares remain reported, reflecting his continuing economic interest following the gifted transfers.
How were the Group 1 Automotive (GPI) gifts classified in the Form 4?
Both transactions were classified under code G, described as a bona fide gift. This classification shows the transfers were gifts of common stock, with a reported transaction price of $0 per share, rather than market purchases or sales.
What role does the Kenningham Management Trust play in the GPI Form 4 filing?
One transaction involved shares held indirectly through the Kenningham Management Trust. The Form 4 notes this nature of ownership, indicating part of the CEO’s reported holdings and gifts are managed through this trust structure rather than held solely in his name.