Form 4: Advance Auto Parts Executive Sells Shares to Cover Tax Obligations

Stephen Szilagyi, EVP Chief Supply Chain Officer at Advance Auto Parts, disposed of 167 shares to cover tax obligations related to vesting restricted stock units.

Summary

• On March 6, 2025, Stephen Szilagyi, EVP Chief Supply Chain Officer at Advance Auto Parts, disposed of 167 shares of common stock to satisfy tax obligations.
• The shares were withheld at a price of $33.63 per share.
• This transaction occurred due to the vesting of time-based restricted stock units granted on March 6, 2023, which vest in three equal annual installments starting one year from the grant date.
• Following the transaction, Szilagyi directly owns 15,226 shares of Advance Auto Parts stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of executives selling shares to cover tax obligations arising from the vesting of stock awards.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates