Form 4: Advance Auto Parts Executive Sells Shares
Statement of Changes in Beneficial Ownership
Kristen L. Soler, EVP and Chief HR Officer at Advance Auto Parts, reported a transaction involving the withholding of shares to cover taxes upon the vesting of restricted stock units.
Summary
- Kristen L. Soler, Executive Vice President and Chief Human Resources Officer of Advance Auto Parts, Inc., engaged in a transaction on June 12, 2026.
- This transaction involved the withholding of 759 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
- These restricted stock units were originally granted on June 12, 2023, and vest in three equal annual installments starting on the one-year anniversary of the grant date.
- Following this transaction, Soler beneficially owns 31,311 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard insider transaction related to executive compensation and tax obligations, rather than a strategic business development or a reflection of the executive's personal investment conviction.
Negatives
- The transaction involved the withholding of shares, which reduces the executive's direct ownership, although this is a standard procedure for tax settlement upon vesting.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for executives and directors, detailing changes in their beneficial ownership of company stock. These transactions, particularly those related to vesting and tax withholding, are common and generally do not signal a change in the executive's outlook on the company's performance.
Stakeholder Impact
- Shareholders: The transaction is a routine part of executive compensation and tax management, with no direct impact on share price or company operations.
- Employees: This filing relates to executive compensation and does not directly affect the broader employee base.
- Management: Kristen L. Soler's beneficial ownership is adjusted due to tax settlement, a standard process.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Date of grant for the restricted stock units. |
| 06/12/2026 | Date of transaction (share withholding) and earliest transaction date reported. |
| 06/16/2026 | Date of signature for the filing. |
Keywords
Advance Auto Parts, Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Tax Withholding, Kristen L. Soler, Executive Compensation
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