Form 4: Advance Auto Parts Director Brent Windom Acquires and Disposes of Common Stock

Director Brent Windom reports acquiring and disposing of Advance Auto Parts common stock, including deferred stock units, in a recent transaction.

Summary

• On June 4, 2024, Brent Windom, a director of Advance Auto Parts Inc., engaged in transactions involving the company's common stock.
• Windom acquired 2,952.001 shares of common stock at a price of $65.21 per share.
• These shares were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
• Windom also disposed of 10,000 shares held indirectly by trust.
• The deferred stock units will vest on June 4, 2025, and will be distributed upon the end of board service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which doesn't inherently convey positive or negative sentiment. It's a neutral disclosure.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.

Future Outlook

The deferred stock units will vest on June 4, 2025, and will be distributed on a pro-rata basis if board service ends prior to the vesting date. Otherwise, these shares will be distributed to the reporting person at the end of the director's board service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the trading activities of a company director.

Key Dates