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Advance Auto Parts (NYSE: AAP) director awarded 3,209 deferred stock units

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Advance Auto Parts director Gregory L. Smith received a grant of 3,209.0200 deferred stock units of common stock at $57.65 per unit. The award was made 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 shares of common stock at distribution. If his board service ends before vesting, distribution occurs on a pro-rata basis; otherwise, distribution occurs at the end of his board service. After this award, Smith directly holds 9,676.336 shares of common stock.

Positive

  • None.

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Insider Smith Gregory L
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,209.02 $57.65 $185K
Holdings After Transaction: Common Stock — 9,676.336 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Deferred stock units granted 3,209.0200 units Award to director Gregory L. Smith on June 2, 2026
Grant value per unit $57.65 per unit Price reported for the June 2, 2026 award
Shares held after transaction 9,676.336 shares Direct holdings of Gregory L. Smith following the grant
Vesting date June 2, 2027 Deferred stock units vest on this date
deferred stock units financial
"These deferred stock units, which will be converted to shares of issuer common stock at the time of distribution"
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"
vesting financial
"These shares will vest on June 2, 2027 and will be distributed on a pro-rata basis"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
board service financial
"will be distributed on a pro-rata basis if board service ends prior to the vesting date"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Smith Gregory L

(Last)(First)(Middle)
4200 SIX FORKS ROAD

(Street)
RALEIGH NORTH CAROLINA 27609

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ADVANCE AUTO PARTS INC [ AAP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/02/2026A3,209.02(1)A$57.659,676.336D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
/s/ Amanda L. Keister, as Attorney-in-Fact for Gregory L Smith06/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Advance Auto Parts (AAP) report for Gregory L. Smith?

Advance Auto Parts reported that director Gregory L. Smith received 3,209.0200 deferred stock units at $57.65 per unit. The grant is a stock-based compensation award under the company’s Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.

How many Advance Auto Parts (AAP) shares does Gregory L. Smith hold after this Form 4?

After the reported grant, Gregory L. Smith directly holds 9,676.336 shares of Advance Auto Parts common stock. This total includes the newly awarded 3,209.0200 deferred stock units that will convert into shares upon distribution under the plan’s terms.

When do Gregory L. Smith’s new Advance Auto Parts (AAP) deferred stock units vest?

Gregory L. Smith’s 3,209.0200 deferred stock units vest on June 2, 2027. If his board service ends before that date, the units will be distributed on a pro-rata basis according to service length, as specified in the award’s footnote.

At what price were Gregory L. Smith’s Advance Auto Parts (AAP) deferred stock units valued?

The 3,209.0200 deferred stock units granted to Gregory L. Smith were valued at $57.65 per unit. This price is used in the Form 4 disclosure and reflects the per-share value for this stock-based compensation award on the transaction date.

What plan governs Gregory L. Smith’s new deferred stock units in Advance Auto Parts (AAP)?

The deferred stock units were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. Under this plan, units convert into shares of common stock and are distributed after vesting and in connection with board service.

How and when will Gregory L. Smith receive the Advance Auto Parts (AAP) shares from these units?

The deferred stock units will convert into shares of common stock at distribution. If Gregory L. Smith’s board service ends before June 2, 2027, distribution occurs pro rata; otherwise, the full amount is distributed at the end of his board service, per the plan terms.