Form 4: Advance Auto Parts Director Douglas A Pertz Acquires Additional Shares

Director Douglas A Pertz acquired 2,530.287 shares of Advance Auto Parts common stock at $65.21 per share on June 4, 2024, increasing his total holdings to 19,736.626 shares.

Summary

• On June 4, 2024, Douglas A Pertz, a director of Advance Auto Parts, Inc., acquired 2,530.287 shares of common stock.
• The acquisition was made at a price of $65.21 per share.
• This transaction increased Pertz's direct ownership to 19,736.626 shares of Advance Auto Parts common stock.
• The shares were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
• These shares 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 at the end of the director's board service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally viewed favorably, suggesting confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The director's increased investment could be interpreted as a sign of confidence in the company's future prospects.

Future Outlook

The deferred stock units will vest on June 4, 2025, and will be distributed upon the end of the director's board service, or pro-rata if service ends before the vesting date.

Industry Context

Director share acquisitions are common and can be seen as a positive signal, reflecting confidence in the company's performance and future prospects within the auto parts retail industry.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates