Form 4: Advance Auto Parts Director Acquires Shares
Statement of Changes in Beneficial Ownership
Richard A. Johnson, a Director at Advance Auto Parts Inc., acquired 4,163.053 shares of common stock on June 2, 2026, valued at $57.65 per share.
Summary
- Richard A. Johnson, a Director of Advance Auto Parts Inc. (AAP), acquired 4,163.053 shares of common stock on June 2, 2026.
- The acquisition was made at a price of $57.65 per share.
- These shares represent deferred stock units awarded under the company's Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
- The units will convert to common stock at the time of distribution.
- These specific units are set to vest on June 2, 2027, and will be distributed at the end of the director's board service, with pro-rata distribution if board service ends before the vesting date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard award and acquisition of deferred stock units by a director, rather than a significant new investment or divestment.
Positives
- Director acquisition of company stock can signal confidence in the company's future prospects.
- The acquisition of 4,163.053 shares by a director indicates continued commitment to the company.
Future Outlook
The deferred stock units are scheduled to vest on June 2, 2027, and will be distributed upon the conclusion of the director's board service.
Industry Context
StockSavvy.ai notes that insider transactions, such as this acquisition of deferred stock units by a director, are closely watched by the market as potential indicators of management's view on the company's valuation and future performance within the automotive aftermarket industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Award of Deferred Stock Units | Award of deferred stock units under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. | 06/02/2026 | Reinforces director compensation structure and aligns director interests with long-term company performance. |
Stakeholder Impact
- Shareholders: The acquisition by a director may be interpreted as a positive signal of confidence in the company's future.
- Directors: The award and acquisition align director compensation with long-term company performance and shareholder value.
Next Steps
- Distribution of shares upon the reporting person's end of board service.
- Pro-rata distribution if board service ends prior to the vesting date.
Key Dates
| Date | Description |
|---|---|
| 06/02/2026 | Transaction date for the acquisition of common stock and award of deferred stock units. |
| 06/02/2027 | Vesting date for the acquired deferred stock units. |
| 06/04/2026 | Date of signature for the filing. |
Keywords
Advance Auto Parts, AAP, Form 4, Insider Trading, Director, Stock Acquisition, Deferred Stock Units, SEC Filing
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