Advance Auto Parts CFO granted 16,744 RSUs
Advance Auto Parts executive vice president and chief financial officer Ryan P. Grimsland reported an equity award tied to 16,744 shares of common stock, classified as a grant or other acquisition.
Rhea-AI Filing Summary
Advance Auto Parts executive vice president and chief financial officer Ryan P. Grimsland reported an equity award tied to 16,744 shares of common stock, classified as a grant or other acquisition. After this award, his directly held common stock totaled 69,646 shares.
The footnote explains that this target equity award is split into 50% time-based restricted stock units (RSUs) and 50% performance-based RSUs, with some performance-based RSUs not reported in this Form 4. The time-based RSUs vest in three approximately equal annual installments beginning one year from the grant date. The performance-based RSUs may vest on the third anniversary of the grant date if specified financial performance targets are achieved and certified by the compensation committee, with potential for above-target vesting for exceptional performance.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,744 | $56.74 | $950K |
Footnotes (1)
- F1. The reported amount of time-based restricted stock units (RSUs) along with performance-based RSUs not reported on this Form 4, collectively, represent 50% and 50% portions, respectively, of a target equity award. The time-based RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based RSUs may vest on the third anniversary of the grant date, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee, including the potential for vesting of above-target level shares for exceptional performance.
FAQ
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What insider transaction did Advance Auto Parts (AAP) report for Ryan P. Grimsland?
How is the new equity award to AAP CFO Ryan P. Grimsland structured?
What are the vesting terms for Ryan P. Grimsland’s time-based RSUs at Advance Auto Parts (AAP)?
When can the performance-based RSUs for AAP CFO Ryan P. Grimsland vest?
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