Advance Auto Parts (NYSE: AAP) director awarded 3,209 deferred stock units
Filing Impact
Filing Sentiment
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.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
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)
- [object Object]
Key Figures
Deferred stock units granted: 3,209.0200 units
Grant value per unit: $57.65 per unit
Shares held after transaction: 9,676.336 shares
+1 more
4 metrics
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
Key Terms
deferred stock units, Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives, vesting, board service
4 terms
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"
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.
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.