Form 4: Advance Auto Parts EVP Kristen L. Soler Reports Acquisition and Disposal of Common Stock

Kristen L. Soler, EVP and Chief HR Officer of Advance Auto Parts, reports acquiring and disposing of common stock on March 4, 2025.

Summary

• On March 4, 2025, Kristen L. Soler, EVP and Chief HR Officer of Advance Auto Parts, engaged in transactions involving the company's common stock.
• Soler acquired 14,459 shares of common stock at a price of $34.58 per share.
• Following the reported transactions, Soler beneficially owns 31,664 shares of Advance Auto Parts common stock.
• 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 starting 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: 5

Explanation: The document is a standard SEC filing reporting stock transactions by an executive, with neutral sentiment.

Future Outlook

The performance-based RSUs may vest on the third anniversary of the grant date, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee, including the potential for vesting of above-target level shares for exceptional performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity. It's common for executives to receive and trade company stock as part of their compensation.

Stakeholder Impact

• The stock transactions by a company executive are disclosed to shareholders for transparency.

Key Dates