Form 4: Advance Auto Parts Executive Jason Hand Reports Stock Transaction
SEC Form 4 Filing
SVP of U.S. Stores at Advance Auto Parts, Jason Hand, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 6, 2025, Jason Hand, SVP of U.S. Stores at Advance Auto Parts, reported a transaction involving common stock.
- 52 shares were disposed of at a price of $33.63 to satisfy tax obligations related to the vesting of restricted stock units.
- Following the transaction, Hand beneficially owns 11,198.295 shares of Advance Auto Parts common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation and tax obligations. There is no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | Grant date of time-based restricted stock units vesting in three equal annual installments. |
| 03/06/2025 | Date of transaction: Disposition of shares to satisfy taxes at vesting of restricted stock units. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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