Form 4: Advance Auto Parts CFO Reports RSU Tax Withholding

Advance Auto Parts EVP and CFO Ryan P. Grimsland reported the withholding of 729 common shares to cover tax obligations related to the vesting of restricted stock units.

Summary

• Ryan P. Grimsland, Executive Vice President and Chief Financial Officer of Advance Auto Parts Inc. (AAP), reported a transaction on March 14, 2026.
• The transaction involved the disposition of 729 shares of common stock.
• These shares were withheld to satisfy tax obligations upon the vesting of certain time-based restricted stock units (RSUs).
• The RSUs were originally granted on March 14, 2024, and are scheduled to vest in three equal annual installments, with the first installment occurring one year from the grant date.
• The shares were disposed of at a price of $51.73 per share.
• Following this reported transaction, Mr. Grimsland directly beneficially owns 65,991 shares of Advance Auto Parts common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a standard, non-discretionary transaction related to executive compensation and does not provide new information impacting the company's operational or financial outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an executive's stock transaction.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine, non-discretionary insider transaction common in executive compensation. The withholding of shares to cover tax liabilities upon the vesting of restricted stock units is a standard practice across various industries, reflecting the mechanics of equity-based compensation plans.

Next Steps

• The remaining restricted stock units granted on March 14, 2024, are expected to vest in two more equal annual installments.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related disposition of shares by an executive upon RSU vesting and does not provide new information that would alter the fundamental investment thesis for Advance Auto Parts. Investors should continue to hold based on broader company performance and market conditions, as this transaction is not indicative of a change in company fundamentals or executive sentiment.

Keywords

Advance Auto Parts, AAP, Form 4, Ryan P. Grimsland, CFO, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Executive Compensation