Form 4: Advance Auto Parts Director Carla Bailo Acquires Shares

Director Carla Bailo acquired 2,530.287 shares of Advance Auto Parts common stock at $65.21 per share on June 4, 2024.

Summary

• On June 4, 2024, Carla Jean Bailo, a director of Advance Auto Parts, Inc., acquired 2,530.287 shares of common stock at a price of $65.21 per share.
• This acquisition was made under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
• Following the transaction, Ms. Bailo directly owns 8,336.684 shares of common stock and indirectly owns 500 shares through a family trust.
• The deferred stock units will vest on June 4, 2025, and will be distributed upon the end of the director's board service.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a director acquiring shares, which doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The deferred stock units will vest on June 4, 2025, and 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 actions of company directors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence.

Key Dates