Advance Auto Parts (AAP) EVP reports 759-share tax withholding on vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advance Auto Parts executive Kristen L. Soler reported a routine tax-withholding transaction related to vested stock awards. On June 12, 759 shares of common stock were withheld at $60.80 per share to cover taxes due on time-based restricted stock units that began vesting from a June 12, 2023 grant. After this withholding, she directly holds 31,311 shares of Advance Auto Parts common stock. This was not an open-market sale but an automatic share withholding for tax purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Soler Kristen L
Role
EVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 759 | $60.80 | $46K |
Holdings After Transaction:
Common Stock — 31,311 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 759 shares
Per-share value for withholding: $60.80 per share
Shares held after transaction: 31,311 shares
+1 more
4 metrics
Shares withheld for taxes
759 shares
Tax-withholding disposition on June 12, 2026
Per-share value for withholding
$60.80 per share
Value applied to withheld shares on June 12, 2026
Shares held after transaction
31,311 shares
Direct holdings following tax withholding
Tax-withholding transactions
1 transaction, 759 shares
Summary of Form 4 tax-withholding activity
Key Terms
restricted stock units, tax-withholding disposition, time-based restricted stock units
3 terms
restricted stock units financial
"time-based restricted stock units granted on June 12, 2023 and vesting in three equal annual installments"
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for payment of exercise price or tax liability"
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.
time-based restricted stock units financial
"time-based restricted stock units granted on June 12, 2023 and vesting in three equal annual installments"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
FAQ
What did AAP executive Kristen L. Soler report in this Form 4?
Kristen L. Soler reported an automatic tax-withholding transaction of 759 Advance Auto Parts shares. The shares were withheld to pay taxes due when prior restricted stock unit awards vested, rather than being sold in the open market.
Was Kristen Soler’s AAP Form 4 a discretionary stock sale?
No, the transaction reflects shares withheld for taxes on vesting restricted stock units rather than a discretionary open-market sale. Code F transactions like this are typically mechanical, compensation-related events and do not represent active buying or selling decisions.