Form 4: Advance Auto Parts Executive Acquires Shares in Recent Transaction

Stephen J. Szilagyi, EVP Chief Supply Chain Officer at Advance Auto Parts, acquired 11,567 shares of common stock at $34.58 per share on March 4, 2025.

Summary

• On March 4, 2025, Stephen J. Szilagyi, the EVP Chief Supply Chain Officer of Advance Auto Parts, acquired 11,567 shares of common stock.
• The acquisition price was $34.58 per share.
• Following the transaction, Szilagyi directly owns 15,393 shares of Advance Auto Parts stock.
• The acquired shares include time-based restricted stock units (RSUs) and performance-based RSUs, representing 50% and 50% portions of a target equity award, respectively.
• The time-based RSUs vest in three approximately equal annual installments starting one year from the grant date.
• The performance-based RSUs may vest on the third anniversary of the grant date if certain financial performance targets are met, subject to certification by the company's Compensation Committee.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to an executive's stock acquisition. It's neutral in tone, but the acquisition itself can be interpreted as a mildly positive signal.

Positives

• An executive's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The vesting of performance-based RSUs is contingent upon the company achieving certain pre-determined financial performance targets.

Industry Context

Executive stock acquisitions are common in publicly traded companies as part of compensation packages and can reflect management's alignment with shareholder interests.

Stakeholder Impact

• The stock acquisition could have a minor positive impact on shareholder sentiment.

Key Dates