Advance Auto Parts (AAP) director granted 3,686 deferred stock units as equity pay
Rhea-AI Filing Summary
ADVANCE AUTO PARTS INC director Cynthia T. Jamison received an equity award of 3,686.036 deferred stock units of Common Stock. The units were granted at a reference price of $57.65 per share and represent compensation, not an open-market purchase.
According to the award terms, these units will vest on June 2, 2027. If her board service ends before that date, the shares will be distributed on a pro-rata basis. Otherwise, the shares will be converted into common stock and distributed at the end of her board service. Following this grant, she holds 3,686.036 shares directly in this award balance.
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Insights
Routine director equity grant with deferred settlement and time-based vesting.
Director Cynthia T. Jamison received 3,686.036 deferred stock units of ADVANCE AUTO PARTS INC common stock as part of the company’s compensation program for non-employee directors. The grant is priced at $57.65 per unit as the reference value.
The units vest on June 2, 2027, with pro-rata distribution if board service ends earlier. The footnote clarifies these are deferred stock units converting into shares at distribution, aligning director incentives with long-term shareholder outcomes without signaling an open-market buy or sell.
Because this is a standard time-based equity award and not a discretionary market trade, it is generally interpreted as routine governance and compensation practice rather than a directional signal on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,686.036 | $57.65 | $212K |
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.
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Key Terms
Deferred Stock Unit Plan financial
deferred stock units financial
vest financial
board service financial
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