Form 4: Advance Auto Parts Director Thomas Seboldt Acquires Shares

Director Thomas Seboldt acquired 2,952 shares of Advance Auto Parts Inc. common stock on June 4, 2024, under the company's Deferred Stock Unit Plan.

Summary

• On June 4, 2024, Thomas W. Seboldt, a director of Advance Auto Parts Inc., acquired 2,952 shares of common stock.
• The acquisition was made under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
• The price per share was $65.21.
• These deferred stock units will be converted to shares of issuer common stock at the time of distribution.
• The shares vest on June 4, 2025, and will be distributed on a pro-rata basis if board service ends prior to the vesting date.
• Otherwise, these shares will be distributed to the reporting person at the end of the director's board service.
• Following the transaction, Seboldt directly owns 5,952.001 shares of Advance Auto Parts Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and while insider buying can be seen as positive, it's part of a pre-existing compensation plan.

Positives

• A director's acquisition of company stock can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The deferred stock units will be converted to shares of issuer common stock at the time of distribution, which will occur at the end of the director's board service or on a pro-rata basis if board service ends prior to the vesting date of June 4, 2025.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings of company stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it reflects a director's investment in the company.

Key Dates