Advance Auto Parts (AAP) SVP reports tax-withholding share disposition
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beland Michael
Role
SVP, Controller and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 480 | $51.21 | $25K |
Holdings After Transaction:
Common Stock — 18,308 shares (Direct)
Footnotes (1)
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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.
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.