Form 4: Advance Auto Parts CFO Sells Shares for Tax

Advance Auto Parts' EVP and CFO, Ryan P. Grimsland, disposed of 2,926 shares of common stock 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 4, 2026.
• The transaction involved the disposition of 2,926 shares of common stock.
• These shares were withheld to satisfy tax obligations upon the vesting of time-based restricted stock units (RSUs).
• The RSUs were originally granted on March 4, 2025, and vest in three equal annual installments, with the first installment vesting on the one-year anniversary of the grant date.
• The price per share for the disposed stock was $51.21.
• Following this transaction, Ryan P. Grimsland beneficially owns 66,720 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares for tax withholding upon RSU vesting is a standard, non-discretionary transaction for executives and does not reflect a change in management's outlook or company fundamentals.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that tax-related sales of shares upon the vesting of restricted stock units are a common and routine occurrence for corporate executives, reflecting standard equity compensation practices rather than a discretionary sale based on market outlook.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine tax-related transaction by an executive, not indicative of a change in company performance or strategy.

Key Dates

Keywords

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