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 35 shares of common stock on February 28, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2024, Kristen L. Soler, the EVP and Chief HR Officer of Advance Auto Parts, disposed of 35 shares of common stock.
- The transaction was executed to satisfy tax obligations arising from the vesting of time-based restricted stock units.
- The shares were disposed of at a price of $66.42 per share.
- Following the transaction, Soler directly owns 12,662 shares of Advance Auto Parts common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of grant for the time-based restricted stock units. |
| 02/28/2024 | Date of the transaction (disposal of shares). |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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