Form 4: Advance Auto Parts EVP Ryan Grimsland Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Ryan Grimsland, EVP and CFO of Advance Auto Parts, reported disposing of 478 shares of common stock on March 14, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 14, 2025, Ryan P. Grimsland, the EVP and Chief Financial Officer of Advance Auto Parts Inc., disposed of 478 shares of common stock.
- The transaction was executed to satisfy tax obligations arising from the vesting of time-based restricted stock units.
- The shares were disposed of at a price of $37.59 per share.
- Following the transaction, Grimsland directly owns 56,299 shares of Advance Auto Parts Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax liabilities associated with vesting equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of grant for certain time-based restricted stock units vesting in three equal annual installments beginning on the one year anniversary of the grant date. |
| 03/14/2025 | Date of transaction: Disposal of 478 shares of common stock to satisfy tax obligations. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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