Form 4: Advance Auto Parts Exec's Tax Withholding on RSU Vesting

Jeffrey Vining, EVP and General Counsel of Advance Auto Parts, reported the withholding of shares to cover tax obligations upon the vesting of restricted stock units.

Summary

• Jeffrey Vining, Executive Vice President, General Counsel, and Corporate Secretary of Advance Auto Parts Inc. (AAP), reported changes in his beneficial ownership.
• On March 4, 2026, a total of 1,372 shares of common stock were disposed of (823 shares and 549 shares) at a price of $51.21 per share.
• These dispositions represent shares withheld to satisfy tax liabilities upon the vesting of time-based restricted stock units.
• The restricted stock units were granted on March 4, 2025, and vest in three equal annual installments, with the first installment vesting on the one-year anniversary of the grant date.
• Following these transactions, Jeffrey Vining beneficially owns 20,138 shares of Advance Auto Parts common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event, reflecting a routine administrative action related to executive compensation rather than a discretionary sale or a significant change in company prospects.

Positives

• The transaction indicates the vesting of restricted stock units, which is a positive for the executive as it represents earned compensation.
• This is a routine tax withholding event, not a discretionary sale by the executive, which typically does not signal a lack of confidence in the company.

Future Outlook

The filing indicates that the restricted stock units granted on March 4, 2025, vest in three equal annual installments, suggesting future vesting events on March 4, 2027, and March 4, 2028, following the initial vesting on March 4, 2026.

Industry Context

StockSavvy.ai notes that tax withholdings upon RSU vesting are a routine occurrence for executives receiving equity compensation and do not typically signal a change in company fundamentals or executive sentiment. This is a standard mechanism for managing tax liabilities associated with equity awards.

Comparison to Industry Standards

• This is a standard practice across publicly traded companies where executives receive equity compensation.
• Companies like AutoZone (AZO) and O'Reilly Automotive (ORLY), direct competitors of Advance Auto Parts, also have similar equity compensation plans for their executives, leading to comparable Form 4 filings for tax withholdings upon vesting.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine administrative transaction related to executive compensation, not a discretionary sale indicating lack of confidence.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Next Steps

• Future vesting installments of the restricted stock units are expected on March 4, 2027, and March 4, 2028, assuming the initial vesting was March 4, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine tax withholding event related to executive equity compensation and does not provide new information that would alter the fundamental investment thesis for Advance Auto Parts. It is a neutral event that does not warrant a change in investment recommendation.

Keywords

Advance Auto Parts, AAP, Jeffrey Vining, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership