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 109 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 28, 2024, Tammy M. Finley, EVP, General Counsel, and Corporate Secretary of Advance Auto Parts, disposed of 109 shares of common stock to satisfy tax obligations.
- The shares were withheld at a price of $66.42 per share.
- This transaction occurred due to the vesting of time-based restricted stock units granted on February 28, 2022, which vest in three equal annual installments.
- Following the transaction, Finley directly owns 23,225 shares of Advance Auto Parts stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, with no significant implications for the company's overall performance or outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from stock-based compensation, a common practice in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of grant for the time-based restricted stock units. |
| 02/28/2024 | Date of the transaction (stock disposal for tax withholding). |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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