Form 4: Advance Auto Parts SVP Sells Shares for Tax

Advance Auto Parts SVP, Controller and CAO Michael Beland disposed of 480 shares of common stock to cover tax obligations related to RSU vesting.

Summary

• Michael Beland, SVP, Controller and CAO of Advance Auto Parts Inc. (AAP), disposed of 480 shares of common stock.
• The transaction occurred on March 4, 2026, at a price of $51.21 per share.
• These shares were withheld to satisfy tax obligations upon the vesting of time-based restricted stock units (RSUs).
• The RSUs were originally granted on March 4, 2025, and are scheduled to vest in three equal annual installments, beginning on the one-year anniversary of the grant date.
• Following this transaction, Michael Beland beneficially owns 18,308 shares of Advance Auto Parts common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine, non-discretionary transaction for tax purposes related to executive compensation.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, specifically the disposition of shares by a corporate officer to cover tax liabilities associated with the vesting of restricted stock units. Such transactions are common and generally do not reflect a change in management's outlook on the company's prospects or broader industry trends.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in the company's fundamentals or management's confidence.

Key Dates

Keywords

Advance Auto Parts, AAP, Insider Transaction, Form 4, Restricted Stock Units, Tax Withholding, Beneficial Ownership