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 105 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 14, 2025, Jason Hand, SVP of U.S. Stores at Advance Auto Parts, disposed of 105 shares of common stock.
- The transaction was executed to satisfy tax obligations arising from the vesting of time-based restricted stock units.
- The price per share was $37.59.
- Following the transaction, Hand beneficially owns 11,093.295 shares of Advance Auto Parts stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of grant for certain time-based restricted stock units. |
| 03/14/2025 | Date of transaction (stock disposal) and vesting of restricted stock units. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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