Form 4: Advance Auto Parts Executive Tammy M. Finley Reports Stock Transaction
SEC Form 4 Filing
Tammy M. Finley, EVP, General Counsel, and Corporate Secretary of Advance Auto Parts, reports the disposal of 114 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 8, 2024, Tammy M. Finley, an executive at Advance Auto Parts, disposed of 114 shares of common stock to satisfy tax obligations.
- The shares were sold at a price of $73.08 per share.
- Following the transaction, Finley directly owns 22,870 shares of Advance Auto Parts stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a routine stock transaction for tax purposes. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vesting restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/08/2021 | Date of grant for time-based restricted stock units that vest in three equal annual installments beginning on the one year anniversary of the grant date. |
| 03/08/2024 | Date of transaction: Disposal of 114 shares to satisfy tax obligations. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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