Advance Auto Parts (NYSE: AAP) EVP logs 1,645-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advance Auto Parts executive Bruce Starnes reported a tax-related share withholding under a Form 4. On March 4, 1,645 shares of common stock were disposed of at $51.21 per share to satisfy taxes due at vesting of time-based restricted stock units granted on March 4, 2025. After this tax-withholding disposition, he directly holds 45,912 shares of Advance Auto Parts common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Starnes Bruce
Role
EVP, CMO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,645 | $51.21 | $84K |
Holdings After Transaction:
Common Stock — 45,912 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did AAP executive Bruce Starnes report on this Form 4?
Bruce Starnes reported a tax-withholding disposition of 1,645 shares of Advance Auto Parts common stock. The shares were withheld by the company to cover taxes owed when certain time-based restricted stock units vested, rather than being an open-market stock sale.
Was the AAP Form 4 for Bruce Starnes a stock sale or tax withholding?
The filing shows a tax-withholding disposition, not an open-market sale. Shares were withheld to satisfy tax obligations triggered by vesting of time-based restricted stock units, using transaction code F, which indicates payment of exercise price or tax liability by delivering securities.
What compensation event triggered the tax-withholding disposition reported for AAP’s Bruce Starnes?
The disposition is tied to time-based restricted stock units granted on March 4, 2025. These RSUs vest in three equal annual installments beginning one year after the grant date, and shares were withheld at vesting to satisfy related tax liabilities.
What does transaction code F mean in Bruce Starnes’ AAP Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,645 shares of Advance Auto Parts common stock were withheld to pay taxes when certain restricted stock units vested, rather than sold in the open market.