Cody and his spouse, who tied the knot in 2015, considered different names until they settled on Paul Barrett a day after they welcomed him into their family.

The happy couple also share a daughter named Remi, aged five, as well as a son named Colt, aged two.

In his memory: Paul Walker’s brother Cody has named his newborn son after his late sibling

Dearly departed: Walker passed away in 2013 at the age of 40 after he was involved in a single-car collision that took place in Santa Clarita, California; he is seen in 2009

He said: ‘This November will mark 10 years since we lost my brother, Paul, and I just felt now was the appropriate time,’ he said.

Walker died  in 2013 at the age of 40 after he was involved in a single-car collision that took place in Santa Clarita, California.

Cody went on to state that Paul would be his last child and opened up about the significance of his newborn son’s name.

‘My brother, Caleb, and I are both done having children. My brother, Paul, was Paul William Walker IV and that name goes back four generations,’ he stated.

The television personality also discussed how his loved ones often used terms of affection to refer to his late brother.

‘Within the family, he went by ‘little Paul’ or ‘Paul 4,’ even though he quickly outgrew our father in height. It was important to me to have that name carry on,’ he said.

Cody subsequently spoke about his motorsports festival, FuelFest, on which he collaborates with Fast & Furious mainstay Tyrese Gibson.

New addition: The 34-year-old actor confirmed the news on Friday, when it was revealed that Paul Barrett Walker, also known as ‘Bear’ by his family, was born on April 30 in Arizona

Speaking his mind: Cody went on to state that Paul would be his last child and opened up about the significance of his newborn son’s name

On screen: Cody’s niece, Meadow, made a cameo in the recently-released Fast X, which arrived in theaters last Friday

A portion of the proceeds from each installment of the festival are donated to Reach Out WorldWide, a nonprofit organization that the late actor founded in 2010.

The television personality described the charity ‘as a part of Paul that he left behind…It’s important to so many to see that part of his legacy live on.’

Cody’s niece, Meadow, made a cameo in the recently-released Fast X, which arrived in theaters last Friday.

The model shared a post to her Instagram account to make the news about her appearance publicly known and wrote that she felt ‘so blessed to be able to honor my father’s legacy and share this with him forever’ in her post’s caption.