Form 4: Advance Auto Parts SVP, Controller and CAO Michael Beland Reports Acquisition and Disposal of Shares

Michael Beland, SVP, Controller and CAO of Advance Auto Parts Inc., reports the acquisition and disposal of company shares on March 4, 2025.

Summary

• On March 4, 2025, Michael Beland, SVP, Controller and CAO of Advance Auto Parts Inc., acquired 5,061 shares of common stock at a price of $34.58 per share.
• Following this transaction, Beland directly owns 13,992 shares of Advance Auto Parts Inc.
• The reported amount includes time-based restricted stock units (RSUs) and performance-based RSUs, representing 50% portions of a target equity award respectively.
• Time-based RSUs vest in three approximately equal annual installments beginning one year from the grant date.
• Performance-based RSUs may vest on the third anniversary of the grant date if certain financial performance targets are achieved.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The vesting of performance-based RSUs is contingent upon the achievement of pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee, including the potential for vesting of above-target level shares for exceptional performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the actions of key personnel and their holdings in the company.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the actions of company insiders.

Key Dates