Form 4: Advance Auto Parts Executive Jason Hand Reports Routine Stock Disposition for Tax Purposes

Advance Auto Parts SVP Jason Hand reported the disposition of 278 shares of common stock valued at $50.81 per share, primarily to cover tax obligations related to the vesting of restricted stock units.

Summary

• Jason Hand, Senior Vice President of U.S. Stores at Advance Auto Parts Inc. (AAP), reported a transaction on June 12, 2025.
• The transaction involved the disposition of 278 shares of Advance Auto Parts common stock.
• The shares were disposed of at a price of $50.81 per share.
• This disposition was specifically for the purpose of satisfying tax obligations upon the vesting of time-based restricted stock units (RSUs).
• These RSUs were originally granted on June 12, 2023, and are designed to vest in three equal annual installments, with the first installment occurring on the one-year anniversary of the grant date.
• Following this reported transaction, Jason Hand beneficially owns 10,824.243 shares of Advance Auto Parts common stock.

Sentiment

Score: 5

Explanation: The document reports a routine, administrative transaction (shares withheld for tax upon RSU vesting) which is neither inherently positive nor negative for the company's operational or financial performance. It reflects a standard aspect of executive compensation.

Positives

• The vesting of restricted stock units indicates the fulfillment of employment terms and potentially performance milestones, which is a positive for the executive.
• The executive continues to hold a significant number of shares (10,824.243), indicating continued alignment with shareholder interests.

Negatives

• The disposition of shares, even for tax purposes, results in a minor reduction of the executive's direct ownership stake.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related disposition, not a significant sale or purchase indicating a change in executive confidence or company fundamentals.
• Employees: Reflects standard executive compensation practices, which may be seen as a positive for employee retention and motivation if similar RSU programs are in place.

Next Steps

• Future annual installments of the restricted stock units granted on June 12, 2023, are expected to continue to vest according to the predetermined schedule.

Key Dates

Keywords

Advance Auto Parts, AAP, Jason Hand, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation