Advance Auto Parts director granted stock units
Advance Auto Parts director Richard A. Johnson received a grant of 4,163.053 deferred stock units of common stock on June 2, 2026.
Rhea-AI Filing Summary
Advance Auto Parts director Richard A. Johnson received a grant of 4,163.053 deferred stock units of common stock on June 2, 2026. The award was made under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives and equals his entire reported direct holding.
These units will vest on June 2, 2027 and convert into shares of common stock at distribution. If his board service ends before vesting, the units will be distributed on a pro-rata basis; otherwise, they will be distributed at the end of his board service.
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Insider Trade Summary
Grant/Award: 4,163.053 shares
Grant/Award
1 txn
Insider
Johnson Richard A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,163.053 | $57.65 | $240K |
Holdings After Transaction:
Common Stock — 4,163.053 shares (Direct)
Footnotes (1)
- F1. These deferred stock units, which will be converted to shares of issuer common stock at the time of distribution, were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. 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. Otherwise, these shares will be distributed to the reporting person at the end of the director's board service.
Key Figures
Shares granted: 4,163.053 shares
Price per unit: $57.65 per share
Total shares after grant: 4,163.053 shares
+1 more
4 metrics
Shares granted
4,163.053 shares
Deferred stock unit grant of common stock on June 2, 2026
Price per unit
$57.65 per share
Transaction price per share for the deferred stock unit award
Total shares after grant
4,163.053 shares
Reported direct holdings following the award
Vesting date
June 2, 2027
Date when the deferred stock units vest
Key Terms
Deferred stock units, Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives, vest, board service
4 terms
Deferred stock units financial
"These deferred stock units, which will be converted to shares of issuer common stock at the time of distribution, were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan"
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.
Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives financial
"were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives"
vest 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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
board service 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Advance Auto Parts (AAP) report for Richard A. Johnson?
Advance Auto Parts reported that director Richard A. Johnson received a grant of deferred stock units. The Form 4 shows an acquisition of 4,163.053 common stock units as a compensation award rather than an open-market purchase or sale.
What plan governs Richard A. Johnson’s stock unit award at Advance Auto Parts (AAP)?
The award was granted under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. This plan provides deferred stock units that convert into shares of common stock at distribution, tied to the director’s board service.
When do Richard A. Johnson’s deferred stock units at Advance Auto Parts vest?
The deferred stock units granted to Richard A. Johnson will vest on June 2, 2027. They will then be converted to shares of common stock and distributed either pro-rata if board service ends earlier, or at the end of his board service.
Is Richard A. Johnson’s Form 4 transaction a market purchase of AAP stock?
No, the Form 4 shows a grant of deferred stock units, not a market purchase. The transaction code is “A” for a grant or award, reflecting compensation granted under the company’s deferred stock unit plan for non-employee directors.
How will Richard A. Johnson’s Advance Auto Parts deferred stock units be distributed?
The deferred stock units will be converted into shares of issuer common stock at distribution. If his board service ends before June 2, 2027, distribution occurs on a pro-rata basis; otherwise, distribution occurs at the end of his board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
