Form 4: Advance Auto Parts CEO Shane M. OKelly Reports Stock Transaction
SEC Form 4 Filing
CEO Shane M. OKelly reports disposition of Advance Auto Parts Inc. shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 14, 2025, Shane M. OKelly, the Director, President, and CEO of Advance Auto Parts Inc., reported a transaction involving the disposition of 2,026 shares of common stock.
- The shares were disposed of to satisfy tax obligations related to the vesting of time-based restricted stock units granted on March 14, 2024.
- The disposition price was $37.59 per share.
- Following the transaction, OKelly directly owns 181,095 shares of Advance Auto Parts Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a significant change in the executive's overall holdings or confidence in the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of grant for time-based restricted stock units vesting in three equal annual installments beginning on the one year anniversary of the grant date. |
| 03/14/2025 | Date of transaction: Disposition of shares to cover tax obligations. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Advance Auto Parts Inc, AAP, Shane M. OKelly, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Obligations, Director, CEO
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