Form 4: Advance Auto Parts Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stephen Szilagyi, EVP and Chief Supply Chain Officer of Advance Auto Parts, disposed of 248 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 14, 2025, Stephen Szilagyi, EVP and Chief Supply Chain Officer of Advance Auto Parts, disposed of 248 shares of common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of time-based restricted stock units.
- The shares were sold at a price of $37.59 per share.
- Following the transaction, Szilagyi directly owns 14,978 shares of Advance Auto Parts stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative sentiment towards the company's future prospects.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Grant date of time-based restricted stock units vesting in three equal annual installments beginning on the one year anniversary of the grant date. |
| 03/14/2025 | Date of transaction: Stephen Szilagyi disposed of 248 shares to cover tax obligations. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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