Form 4: Advance Auto Parts Executive Kristen L. Soler Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kristen L. Soler, EVP and Chief HR Officer of Advance Auto Parts, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Kristen L. Soler, EVP and Chief HR Officer of Advance Auto Parts, disposed of 35 shares of common stock to satisfy tax obligations.
- The shares were withheld at a price of $36.9 per share.
- Following the transaction, Soler directly owns 16,205 shares of Advance Auto Parts stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. This transaction reflects standard practice for covering tax liabilities associated with equity compensation.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of grant for certain time-based restricted stock units vesting in three equal annual installments beginning on the one year anniversary of the grant date. |
| 02/28/2025 | Date of transaction: disposal of shares to cover tax obligations. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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