Form 4: Advance Auto Parts Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sridhar R. Donthi, EVP and Chief Technology Officer of Advance Auto Parts, disposed of 118 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Sridhar R. Donthi, the EVP and Chief Technology Officer of Advance Auto Parts Inc., disposed of 118 shares of common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of time-based restricted stock units.
- The price per share was $36.9.
- Following the transaction, Donthi directly owns 25,907 shares of Advance Auto Parts Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative sentiment towards the company.
Industry Context
This is a routine Form 4 filing, which is common when company executives exercise stock options or have restricted stock units vest. It's a normal part of executive compensation and doesn't necessarily indicate a change in the executive's outlook on the company.
Key Dates
| Date | Description |
|---|---|
| February 28, 2022 | Date of grant for time-based restricted stock units vesting in three equal annual installments beginning on the one year anniversary of the grant date. |
| February 28, 2025 | Date of transaction: Sridhar R. Donthi disposed of 118 shares of common stock to cover tax obligations. |
| March 04, 2025 | Date of signature for the Form 4 filing. |
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