Form 4: Advance Auto Parts Director Douglas A. Pertz Acquires Additional Shares Through Dividend Reinvestment
SEC Form 4
Director Douglas A. Pertz increased his holdings in Advance Auto Parts through a dividend reinvestment plan.
Summary
- On July 26, 2024, Douglas A. Pertz, a director of Advance Auto Parts, acquired 51.004 shares of common stock through a dividend reinvestment.
- The shares were purchased at a price of $60.76 each.
- Following the transaction, Pertz directly owns 19,787.63 shares of Advance Auto Parts common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through a standard dividend reinvestment, indicating confidence.
Positives
- The director's participation in the dividend reinvestment plan signals confidence in the company's future.
Industry Context
Directors acquiring shares through dividend reinvestment plans is a common practice and generally viewed positively by investors.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Douglas A. Pertz acquired shares of common stock. |
| 07/29/2024 | Date of signature on the Form 4 filing. |
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