Advance Auto Parts (AAP) CFO has shares withheld to cover RSU taxes

Rhea-AI Filing Summary

Advance Auto Parts executive vice president and chief financial officer Ryan P. Grimsland reported a routine tax-related share disposition. On March 14, 2026, 729 shares of common stock were withheld at a price of $51.73 per share to cover taxes due at the vesting of time-based restricted stock units that were granted on March 14, 2024 and vest in three equal annual installments beginning one year after the grant date. Following this tax-withholding event, Grimsland directly holds 65,991 shares of common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Grimsland Ryan P

(Last) (First) (Middle)

4200 SIX FORKS ROAD

(Street)

RALEIGH NC 27609

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADVANCE AUTO PARTS INC [ AAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/14/2026		F		729(1)	D	$51.73	65,991	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to satisfy taxes at vesting of certain time-based restricted stock units granted on March 14, 2024 and vesting in three equal annual installments beginning on the one year anniversary of the grant date.

	/s/ Amanda L. Keister, as Attorney-in-Fact for Ryan P. Grimsland	03/17/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Advance Auto Parts (AAP) report for CFO Ryan Grimsland?

Advance Auto Parts reported that CFO Ryan P. Grimsland had 729 common shares withheld on March 14, 2026 to cover taxes. The shares were valued at $51.73 each and relate to previously granted time-based restricted stock units vesting in stages.

Was the Advance Auto Parts (AAP) insider transaction a market sale of shares?

No, the reported transaction was a tax-withholding disposition, not an open-market sale. Shares were retained by the company to satisfy tax obligations triggered by the vesting of time-based restricted stock units previously granted to the CFO.

How many Advance Auto Parts (AAP) shares were involved in the CFO’s tax withholding?

The filing shows that 729 shares of Advance Auto Parts common stock were withheld. These shares satisfied taxes due upon vesting of a restricted stock unit award granted on March 14, 2024, which vests in three equal annual installments.

What price per share was used for the Advance Auto Parts (AAP) tax-withholding transaction?

The shares withheld for taxes were priced at $51.73 per share. This price is used in the Form 4 to calculate the value of the shares delivered to cover the tax liability tied to the vesting restricted stock units.

How many Advance Auto Parts (AAP) shares does CFO Ryan Grimsland hold after this transaction?

After the tax-withholding disposition, CFO Ryan P. Grimsland directly holds 65,991 shares of Advance Auto Parts common stock. This post-transaction balance reflects his ongoing equity stake following the vesting of the time-based restricted stock units.

What award triggered the tax-withholding shares at Advance Auto Parts (AAP)?

The tax withholding was triggered by vesting of time-based restricted stock units granted on March 14, 2024. These units vest in three equal annual installments starting on the one-year anniversary of the grant date, creating tax obligations as each portion vests.