Form 4: Advance Auto Parts EVP, CMO Bruce Starnes Reports Acquisition of Shares

Bruce Starnes, EVP and CMO of Advance Auto Parts, reports acquiring 17,351 shares of common stock at $34.58 per share on March 4, 2025, increasing his total holdings to 38,085 shares.

Summary

• On March 4, 2025, Bruce Starnes, the EVP and CMO of Advance Auto Parts, acquired 17,351 shares of the company's common stock.
• The shares were purchased at a price of $34.58 per share.
• Following this transaction, Starnes's total beneficial ownership of Advance Auto Parts common stock increased to 38,085 shares.
• The reported amount includes time-based restricted stock units (RSUs) and performance-based RSUs, representing 50% portions of a target equity award respectively.
• The time-based RSUs vest in three approximately equal annual installments beginning one year from the grant date.
• The performance-based RSUs may vest on the third anniversary of the grant date if certain financial performance targets are achieved.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing. The acquisition of shares by an executive could be interpreted as a positive signal, but it's not definitive.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document outlines the vesting schedule for time-based and performance-based RSUs, indicating potential future equity awards based on continued service and achievement of financial targets.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. This Form 4 filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company executive.

Key Dates