Form 4: Advance Auto Parts Exec Sells Shares for Tax

Kristen L Soler, EVP and Chief HR Officer at Advance Auto Parts, reported the disposition of 254 common shares to cover tax obligations related to RSU vesting.

Summary

• Kristen L Soler, EVP, Chief HR Officer of Advance Auto Parts, Inc. (AAP), reported a transaction on March 14, 2026.
• The transaction involved the disposition of 254 shares of common stock.
• These shares were withheld to satisfy tax obligations upon the vesting of time-based restricted stock units (RSUs).
• The RSUs were originally granted on March 14, 2024, and vest in three equal annual installments.
• The shares were disposed of at a price of $51.73 per share.
• Following this transaction, Kristen L Soler beneficially owns 32,070 shares of common stock directly.

Sentiment

Score: 5

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

Positives

• The vesting of restricted stock units indicates the fulfillment of compensation incentives for the executive.

Negatives

• The disposition of shares, even for tax purposes, reduces the executive's direct equity stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as share withholdings for tax purposes upon RSU vesting, are common across all industries for executive compensation plans and typically do not reflect a change in management's outlook on the company's performance.

Comparison to Industry Standards

• This type of transaction (shares withheld for taxes upon RSU vesting) is a standard practice in executive compensation across publicly traded companies, including peers in the automotive parts retail sector like O'Reilly Automotive (ORLY) and AutoZone (AZO).
• The specific number of shares and price are unique to this individual's compensation structure and the company's stock performance at the time of vesting.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes.
• Employees: No direct impact.

Next Steps

• Future vesting events for the remaining restricted stock units granted on March 14, 2024, are expected on March 14, 2027.

Key Dates

Keywords

Advance Auto Parts, AAP, Kristen L Soler, Form 4, SEC filing, insider transaction, stock sale, RSU vesting, tax withholding, executive compensation, beneficial ownership