Advance Auto Parts (NYSE: AAP) director awarded 3,209 deferred stock units as equity compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bailo Carla Jean reported acquisition or exercise transactions in this Form 4 filing.
Advance Auto Parts director Carla Jean Bailo received an equity award in the form of deferred stock units. On June 2, 2026, she was granted 3,209.020 shares of Common Stock-equivalent units at $57.65 per share under the company’s Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
After this grant, Bailo directly holds 15,262.017 shares of Advance Auto Parts common stock, and indirectly holds 500 shares through a family trust. The deferred stock units will vest on June 2, 2027 and will be distributed either pro-rata if board service ends earlier or at the end of her board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bailo Carla Jean
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,209.02 | $57.65 | $185K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,262.017 shares (Direct, null);
Common Stock — 500 shares (Indirect, By Family Trust)
Footnotes (1)
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Key Figures
Deferred stock units granted: 3,209.020 shares
Grant price: $57.65 per share
Direct holdings after grant: 15,262.017 shares
+2 more
5 metrics
Deferred stock units granted
3,209.020 shares
Equity grant on June 2, 2026
Grant price
$57.65 per share
Price used for deferred stock unit award
Direct holdings after grant
15,262.017 shares
Common Stock directly owned after transaction
Indirect holdings
500 shares
Common Stock held by family trust
Vesting date
June 2, 2027
Deferred stock units vesting date
Key Terms
Deferred Stock Unit Plan, deferred stock units, pro-rata basis, board service, +1 more
5 terms
Deferred Stock Unit Plan financial
"were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives"
A deferred stock unit plan grants employees or executives hypothetical share units that convert into actual shares or cash at a future date, often after meeting conditions like continued employment or retirement. It matters to investors because it ties pay to long-term performance and creates a future claim on the company’s stock or cash, which can dilute existing shareholders or signal management’s confidence in future value — like a delayed bonus paid in ownership.
deferred stock units financial
"These deferred stock units, which will be converted to shares of issuer common stock at the time of distribution"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
pro-rata basis financial
"These shares will vest on June 2, 2027 and will be distributed on a pro-rata basis if board service ends prior to the vesting date"
Allocation or distribution that gives each participant a share proportional to their existing ownership, stake or entitlement — like slicing a pie so everyone gets a piece matching how big their original slice was. For investors this matters because it determines how much of new shares, dividends, fees or obligations they receive, helps preserve or change ownership percentages, and directly affects dilution and voting power.
board service financial
"Otherwise, these shares will be distributed to the reporting person at the end of the director's board service"
Family Trust financial
"direct_or_indirect: I, nature_of_ownership: By Family Trust"
FAQ
What did Advance Auto Parts (AAP) director Carla Jean Bailo report on this Form 4?
Carla Jean Bailo reported receiving an equity grant of deferred stock units tied to Advance Auto Parts common stock. The award reflects compensation for her role as a non-employee director under the company’s Deferred Stock Unit Plan.
What was the grant price for Carla Jean Bailo’s Advance Auto Parts deferred stock units?
The deferred stock units were granted at $57.65 per share. This price reflects the value used for the equity award on the grant date under the company’s Deferred Stock Unit Plan for non-employee directors and selected executives.
When do Carla Jean Bailo’s deferred stock units in Advance Auto Parts vest and get distributed?
The deferred stock units vest on June 2, 2027. If her board service ends before that date, they will be distributed on a pro-rata basis; otherwise, distribution occurs at the end of her board service, according to the plan terms.
Are Carla Jean Bailo’s indirect holdings in Advance Auto Parts part of this new grant?
No, the 500 indirectly held shares are owned through a family trust and represent existing holdings. The new grant specifically relates to 3,209.020 deferred stock units awarded under the Deferred Stock Unit Plan for her board service.