Form 4: Advance Auto Parts Director Pertz Acquires Shares Through Dividend Reinvestment

Director Douglas A. Pertz acquired additional shares of Advance Auto Parts through a dividend reinvestment plan.

Summary

• On April 26, 2024, Douglas A. Pertz, a director of Advance Auto Parts, acquired 32.716 shares of common stock.
• The acquisition was made through the dividend reinvestment feature of the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
• The price per share was $75.14.
• Following the transaction, Pertz directly owns 17,206.339 shares of Advance Auto Parts common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company through dividend reinvestment is generally a good sign, indicating confidence in the company's performance. However, the impact is relatively small.

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, as it aligns their interests with those of shareholders.

Stakeholder Impact

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

Key Dates