Form 4: Advantage Solutions CFO Executes Tax Withholding Sale
Statement of Changes in Beneficial Ownership
Advantage Solutions CFO Christopher Growe disposed of 496 shares to satisfy tax obligations related to RSU vesting.
Summary
- Christopher Growe, Chief Financial Officer of Advantage Solutions Inc. (ADV), reported the disposition of 496 shares of Class A Common Stock.
- The transaction occurred on April 20, 2026, at a price of $33.76 per share.
- The shares were withheld by the company to satisfy tax withholding requirements associated with the vesting of restricted stock units.
- Following this transaction, the reporting person directly owns 13,887 shares and maintains an indirect interest in 9,760 shares via a family trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a mandatory administrative transaction related to tax compliance rather than a strategic or market-driven move.
Positives
- The transaction was a routine administrative action related to tax obligations rather than a discretionary sale of equity.
Negatives
- The transaction represents a minor reduction in the direct equity stake held by the CFO.
Risks
- None identified; this is a standard regulatory disclosure for executive compensation tax compliance.
Future Outlook
Not applicable; this is a retrospective disclosure of a completed transaction.
Industry Context
StockSavvy.ai notes that routine tax-related share withholding is a standard practice for corporate executives and does not typically signal a change in management sentiment regarding company performance.
Comparison to Industry Standards
- The transaction aligns with standard executive compensation practices across the business services sector.
- The use of 'sell-to-cover' or share withholding is a common mechanism for executives to manage tax liabilities upon the vesting of equity awards.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a routine tax-related adjustment.
Key Dates
| Date | Description |
|---|---|
| 04/20/2026 | Date of the reported transaction involving the withholding of shares. |
| 04/22/2026 | Date the Form 4 was signed and filed with the SEC. |
Keywords
Advantage Solutions, ADV, Form 4, Insider Trading, CFO, Tax Withholding, Equity Vesting
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