Form 4: Advance Auto Parts Executive Kristen L. Soler Reports Stock Transaction
SEC Form 4 Filing
Kristen L. Soler, EVP and Chief HR Officer of Advance Auto Parts, reports the disposal of 505 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On June 12, 2024, Kristen L. Soler, EVP and Chief HR Officer of Advance Auto Parts, reported a transaction involving the disposal of 505 shares of common stock.
- The shares were disposed of to satisfy tax obligations related to the vesting of time-based restricted stock units.
- The transaction was executed at a price of $64.93 per share.
- Following the transaction, Soler directly owns 15,185 shares of Advance Auto Parts common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neither particularly positive nor negative. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to compensation and tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | 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. |
| 06/12/2024 | Date of transaction: Disposal of 505 shares to cover taxes. |
| 06/14/2024 | Date of signature for the Form 4 filing. |
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