Form 4: Advance Auto Parts SVP Jason Hand Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jason Hand, SVP of U.S. Stores at Advance Auto Parts, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Jason Hand, SVP of U.S. Stores at Advance Auto Parts, disposed of 19 shares of common stock.
- The transaction was to cover tax obligations related to the vesting of restricted stock units.
- The price per share was $36.9.
- Following the transaction, Hand directly owns 6,912.295 shares of Advance Auto Parts stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vesting equity, a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of grant for time-based restricted stock units vesting in three equal annual installments beginning on the one year anniversary of the grant date. |
| 02/28/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 03/04/2025 | Date of signature for the report. |
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