Form 4: Advance Auto Parts EVP Tammy M. Finley Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Tammy M. Finley, EVP, General Counsel, and Corporate Secretary of Advance Auto Parts, reports the disposal of 241 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 6, 2024, Tammy M. Finley, EVP, General Counsel, and Corporate Secretary of Advance Auto Parts, disposed of 241 shares of common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of restricted stock units.
- The price per share was $71.9.
- Following the transaction, Finley directly owns 22,984 shares of Advance Auto Parts common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vesting equity, a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | 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. |
| 03/06/2024 | Date of transaction: Disposal of 241 shares of common stock to satisfy tax obligations. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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