What triggered the share withholding reported for Advance Auto Parts (AAP) EVP Bruce Starnes?

The share withholding was triggered by the vesting of certain time-based restricted stock units granted to Bruce Starnes on June 27, 2024. The units vest in three equal annual installments, and the 3,003 shares were withheld to satisfy taxes at vesting.

Advance Auto Parts exec shares withheld for taxes

Advance Auto Parts executive Bruce Starnes, EVP and CMO, reported a routine tax-withholding transaction.

Accepted by SEC EDGAR 06/30/2026 - 04:02 PM EDT

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Advance Auto Parts executive Bruce Starnes, EVP and CMO, reported a routine tax-withholding transaction. On June 27, 3,003 shares of common stock were withheld to cover taxes upon vesting of time-based restricted stock units granted on June 27, 2024. After this withholding, he directly holds 42,909 shares.

Insider Trade Summary

Exercise Price or Tax Liability: 3,003 shares

Exercise Price or Tax Liability 1 txn

Insider Starnes Bruce

Role EVP, CMO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	3,003	$62.18	$187K

Holdings After Transaction: Common Stock — 42,909 shares (Direct)

Footnotes (1)

F1. Represents shares withheld to satisfy taxes at vesting of certain time-based restricted stock units granted on June 27, 2024 and vesting in three equal annual installments beginning on the one year anniversary of the grant date.

Key Figures

Tax-withholding shares: 3,003 shares Withholding price: $62.18 per share Shares held after transaction: 42,909 shares

3 metrics

Tax-withholding shares 3,003 shares Withheld to satisfy taxes at vesting of RSUs on June 27, 2026

Withholding price $62.18 per share Value used for 3,003 shares withheld for taxes

Shares held after transaction 42,909 shares Direct ownership by Bruce Starnes following tax-withholding disposition

Key Terms

restricted stock units, time-based, tax-withholding disposition

3 terms

restricted stock units financial

"Represents shares withheld to satisfy taxes at vesting of certain time-based restricted stock units granted on June 27, 2024"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

time-based financial

"time-based restricted stock units granted on June 27, 2024 and vesting in three equal annual installments"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Advance Auto Parts (AAP) report for Bruce Starnes?

Advance Auto Parts reported that EVP and CMO Bruce Starnes had 3,003 shares withheld to cover taxes on vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale, and is a common feature of equity-based compensation programs.

How many Advance Auto Parts (AAP) shares were withheld for taxes in this Form 4?

The Form 4 shows 3,003 shares of Advance Auto Parts common stock were withheld at a price of $62.18 per share. These shares satisfied tax obligations arising from the vesting of time-based restricted stock units granted on June 27, 2024.

How many Advance Auto Parts (AAP) shares does Bruce Starnes hold after this transaction?

Following the tax-withholding transaction, Bruce Starnes directly holds 42,909 shares of Advance Auto Parts common stock. This figure reflects his position after 3,003 shares were withheld to satisfy tax liabilities tied to restricted stock unit vesting.

Was the Bruce Starnes Advance Auto Parts (AAP) Form 4 an open-market sale?

No, the transaction was not an open-market sale. It was categorized as a tax-withholding disposition, where 3,003 shares were delivered to cover tax liabilities upon restricted stock unit vesting, a standard administrative step in equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Starnes Bruce

(Last)

(First)

(Middle)

4200 SIX FORKS ROAD

(Street)

RALEIGH

NORTH CAROLINA

27609

(City)

(State)

(Zip)

UNITED STATES

(Country)

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, CMO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/27/2026		F		3,003⁽¹⁾	D	$62.18	42,909	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares withheld to satisfy taxes at vesting of certain time-based restricted stock units granted on June 27, 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 Bruce Starnes	06/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR