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Advance Auto Parts (AAP) SVP reports tax-withholding share disposition

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Advance Auto Parts senior vice president, controller and chief accounting officer Michael Beland reported a routine tax-related share disposition. On March 4, 2026, 480 shares of common stock were withheld at $51.21 per share to cover taxes due at the vesting of previously granted restricted stock units. After this tax-withholding disposition, Beland directly owned 18,308 shares of Advance Auto Parts common stock.

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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*
Beland Michael

(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)
SVP, Controller and CAO
3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026
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 03/04/2026 F 480(1) D $51.21 18,308 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 4, 2025 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 Michael Beland 03/06/2026
** 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.

FAQ

What insider transaction did AAP executive Michael Beland report?

Michael Beland reported a tax-withholding disposition of 480 shares of Advance Auto Parts common stock. The shares were withheld to satisfy taxes due at the vesting of time-based restricted stock units granted in March 2025, rather than an open-market sale.

How many AAP shares were withheld for taxes from Michael Beland?

A total of 480 shares of Advance Auto Parts common stock were withheld from Michael Beland. These shares satisfied tax obligations when certain time-based restricted stock units vested, as part of his equity compensation, per the Form 4 disclosure.

At what price were Michael Beland’s withheld AAP shares valued?

The 480 withheld shares were valued at $51.21 per share. This price is used in the Form 4 to calculate the value of the shares applied to Michael Beland’s tax liability upon vesting of his restricted stock units.

How many AAP shares does Michael Beland own after this transaction?

After the tax-withholding disposition, Michael Beland directly owns 18,308 shares of Advance Auto Parts common stock. This post-transaction balance reflects his remaining equity stake following the withholding of 480 shares for tax purposes tied to restricted stock unit vesting.

Was Michael Beland’s AAP Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover tax obligations at vesting of time-based restricted stock units, a common administrative feature of equity compensation programs.

What equity award triggered the tax withholding for AAP’s Michael Beland?

The tax withholding related to time-based restricted stock units granted on March 4, 2025. These awards vest in three equal annual installments starting one year after the grant date, and the reported withholding occurred upon one such vesting event.
Advance Auto Parts Inc

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3.02B
59.25M
Auto Parts
Retail-auto & Home Supply Stores
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United States
RALEIGH