Advance Auto Parts director receives stock unit award
Advance Auto Parts director John Francis Ferraro reported an equity award of 3,209.02 shares of common stock-equivalent deferred stock units at $57.65 per unit.
Rhea-AI Filing Summary
Advance Auto Parts director John Francis Ferraro reported an equity award of 3,209.02 shares of common stock-equivalent deferred stock units at $57.65 per unit. These units were granted under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
The deferred stock units will vest on June 2, 2027 and convert into shares of common stock at distribution. If his board service ends before vesting, distribution will occur on a pro-rata basis; otherwise, the shares will be distributed at the end of his board service.
Following the award, Ferraro directly holds 27,088.367 shares of common stock and indirectly holds 1,525 shares through a family trust, as reported in the filing.
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Insider Trade Summary
Grant/Award: 3,209.02 shares
Grant/Award
2 txns
Insider
Ferraro John Francis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,209.02 | $57.65 | $185K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,088.367 shares (Direct);
Common Stock — 1,525 shares (Indirect, By Family Trust)
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
Deferred stock units granted: 3,209.02 units
Grant price per unit: $57.65 per unit
Direct common shares after award: 27,088.367 shares
+2 more
5 metrics
Deferred stock units granted
3,209.02 units
Grant of common stock-equivalent deferred stock units
Grant price per unit
$57.65 per unit
Price used for deferred stock unit award
Direct common shares after award
27,088.367 shares
Direct holdings following the reported transactions
Indirect common shares via family trust
1,525 shares
Indirect holdings reported as By Family Trust
Vesting date for units
June 2, 2027
Vesting date for deferred stock units
Key Terms
deferred stock units, Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives, vest, pro-rata basis, +1 more
5 terms
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.
Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives financial
"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"
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.
pro-rata basis financial
"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.
family trust financial
"nature_of_ownership": "By Family Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did John Francis Ferraro report in the latest AAP Form 4 filing?
John Francis Ferraro reported receiving 3,209.02 deferred stock units tied to Advance Auto Parts common stock at $57.65 per unit. These units were granted under the company’s Deferred Stock Unit Plan for non-employee directors and selected executives as part of his board compensation.
When do John Francis Ferraro’s Advance Auto Parts deferred stock units vest?
Ferraro’s deferred stock units vest on June 2, 2027. Once vested, they will be converted into shares of Advance Auto Parts common stock and distributed either pro-rata if board service ends early or at the end of his board service if it continues.
How will John Francis Ferraro’s deferred stock units in AAP be distributed?
The deferred stock units will convert to common stock at distribution. If Ferraro’s board service ends before June 2, 2027, the shares will be distributed on a pro-rata basis; otherwise, they will be distributed when his board service with Advance Auto Parts ends.
Are John Francis Ferraro’s indirect AAP holdings part of a family trust?
Yes. The Form 4 shows that 1,525 shares of Advance Auto Parts common stock are held indirectly through a family trust. This is reported separately from Ferraro’s directly held 27,088.367 shares of common stock in the ownership table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
