Form 4: Director Joan M. Hilson Reports Acquisition and Disposal of Advance Auto Parts Stock

Director Joan M. Hilson reports acquiring and disposing of Advance Auto Parts (AAP) common stock and deferred stock units.

Summary

• On June 4, 2024, Joan M. Hilson, a director of Advance Auto Parts Inc. (AAP), reported a transaction involving the company's securities.
• Hilson acquired 2,530.287 shares of common stock at a price of $65.21 per share.
• Hilson also disposed of 6,080.35 shares of common stock.
• Following these transactions, Hilson directly owns 388 shares of common stock and indirectly owns 6,080.35 shares through a trust.
• Additionally, Hilson was awarded deferred stock units under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
• These deferred stock units will vest on June 4, 2025, and will be converted to shares of issuer common stock at the time of distribution.
• The distribution of these shares depends on the director's board service.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting transactions. There is no indication of positive or negative sentiment towards the company.

Future Outlook

The deferred stock units will vest on June 4, 2025, and will be distributed upon the end of the director's board service, impacting Hilson's future holdings of AAP stock.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they provide insight into a director's activity with the company's stock.

Key Dates