Director Joan Hilson granted 3,209 stock units at Advance Auto Parts (AAP)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advance Auto Parts director Joan M. Hilson received a new equity award. She was granted 3,209.020 shares of common stock on an award basis at $57.65 per share, increasing her direct holdings to 12,939.044 shares.
The award consists of deferred stock units under the company’s Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. These units will vest on June 2, 2027 and convert into common shares at distribution. If her board service ends before vesting, distributions will be made on a pro-rata basis; otherwise, the shares will be delivered at the end of her board service. Hilson also has 388 shares held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hilson Joan M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,209.02 | $57.65 | $185K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,939.044 shares (Direct, null);
Common Stock — 388 shares (Indirect, By Trust)
Footnotes (1)
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Key Figures
Awarded shares: 3,209.020 shares
Award price: $57.65 per share
Direct holdings after award: 12,939.044 shares
+2 more
5 metrics
Awarded shares
3,209.020 shares
Deferred stock unit award of common stock
Award price
$57.65 per share
Grant price for common stock award
Direct holdings after award
12,939.044 shares
Common stock held directly following award
Indirect trust holdings
388 shares
Common stock held indirectly by trust
Vesting date
June 2, 2027
Deferred stock units vesting date
Key Terms
deferred stock units, Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives, vest, pro-rata basis, +1 more
5 terms
deferred stock units financial
"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"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives financial
"were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives"
vest financial
"These shares will vest on June 2, 2027 and will be distributed on a pro-rata basis"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
pro-rata basis financial
"will be distributed on a pro-rata basis if board service ends prior to the vesting date"
Allocation or distribution that gives each participant a share proportional to their existing ownership, stake or entitlement — like slicing a pie so everyone gets a piece matching how big their original slice was. For investors this matters because it determines how much of new shares, dividends, fees or obligations they receive, helps preserve or change ownership percentages, and directly affects dilution and voting power.
board service financial
"Otherwise, these shares will be distributed to the reporting person at the end of the director's board service"
