Form 4: Advance Auto Parts Director Carla Jean Bailo Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Director Carla Jean Bailo increased her holdings in Advance Auto Parts through a dividend reinvestment plan.
Summary
- On October 25, 2024, Carla Jean Bailo, a director of Advance Auto Parts, acquired 52.146 shares of common stock at a price of $36.74 per share through a dividend reinvestment.
- Following this transaction, Bailo directly owns 8,420.232 shares and indirectly owns 500 shares through a family trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a routine transaction. It's neither particularly positive nor negative, but indicates continued investment by a director.
Positives
- The acquisition of shares through dividend reinvestment demonstrates the director's continued investment in the company.
Industry Context
This filing is a routine disclosure of a director's stock ownership change, which is common in publicly traded companies. It reflects insider activity, which investors often monitor for signals about company performance and management confidence.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 10/25/2024 | Date of transaction: Carla Jean Bailo acquired shares of common stock through dividend reinvestment. |
| 10/29/2024 | Date of signature: Amanda L. Keister, as Attorney-in-Fact for Carla J. Bailo, signed the Form 4. |
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