Form 4: Advance Auto Parts Director Joan M. Hilson Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Director Joan M. Hilson acquired additional shares of Advance Auto Parts through a dividend reinvestment plan.
Summary
- On April 26, 2024, Joan M. Hilson, a director of Advance Auto Parts, acquired 11.772 shares of common stock through a dividend reinvestment feature of the company's Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
- The shares were acquired at a price of $75.14 per share.
- Following the transaction, Hilson directly owns 3,550.063 shares and indirectly owns 388 shares through a trust.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard dividend reinvestment plan.
Positives
- The acquisition of shares through dividend reinvestment demonstrates the director's continued investment in the company.
Industry Context
This type of transaction is common for directors who participate in dividend reinvestment plans, reflecting a long-term investment strategy.
Stakeholder Impact
- The transaction may have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of transaction: Joan M. Hilson acquired shares of Advance Auto Parts common stock. |
| 04/30/2024 | Date of signature on the Form 4 filing. |
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