Form 4: Advance Auto Parts Executive Tammy M. Finley Reports Stock Transaction

Tammy M. Finley, EVP, General Counsel, and Corporate Secretary of Advance Auto Parts, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On February 28, 2025, Tammy M. Finley, an executive at Advance Auto Parts, disposed of 109 shares of common stock to satisfy tax obligations.
• The shares were withheld at a price of $36.9 per share.
• Following the transaction, Finley directly owns 24,157 shares of Advance Auto Parts common stock.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event, reflecting a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine Form 4 filing, reflecting a common practice where company executives dispose of shares to cover tax obligations arising from the vesting of restricted stock units. It's a normal part of executive compensation and equity ownership.

Comparison to Industry Standards

• Tax withholding practices upon vesting of restricted stock units are standard across publicly traded companies.
• The number of shares withheld is proportional to the executive's tax rate and the value of the vested shares, aligning with typical industry practices.
• Similar transactions are regularly reported by executives at companies like AutoZone (AZO) and O'Reilly Automotive (ORLY).

Key Dates