Stock awards and deferred units to Advance Auto Parts (AAP) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advance Auto Parts director Thomas W. Seboldt reported stock-based compensation awards rather than market purchases. He received 86.73 deferred stock units and 3,209.02 shares of common stock, both at a reference price of $57.65 per share, as non-derivative acquisitions.
The deferred stock units were granted under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives and will vest on June 2, 2027. They will be converted to common shares and distributed either pro rata if board service ends early or at the end of his board service. The additional common shares were acquired in lieu of cash compensation under the same plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Seboldt Thomas W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,209.02 | $57.65 | $185K |
| Grant/Award | Common Stock | 86.73 | $57.65 | $5K |
Holdings After Transaction:
Common Stock — 15,744.068 shares (Direct, null)
Footnotes (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. These shares of issuer common stock were acquired by the reporting person in lieu of cash compensation under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
Key Figures
Deferred stock units granted: 86.73 units
Common shares in lieu of cash: 3,209.02 shares
Reference price per share: $57.65 per share
+1 more
4 metrics
Deferred stock units granted
86.73 units
Award of deferred stock units to director
Common shares in lieu of cash
3,209.02 shares
Shares received instead of cash compensation
Reference price per share
$57.65 per share
Used for both reported stock awards
Vesting date for deferred units
June 2, 2027
Deferred stock units vesting schedule
Key Terms
deferred stock units, in lieu of cash compensation, Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives
3 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..."
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.
in lieu of cash compensation financial
"These shares of issuer common stock were acquired by the reporting person in lieu of cash compensation..."
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."
FAQ
What insider transactions did Thomas W. Seboldt report for AAP?
Thomas W. Seboldt reported two acquisitions of Advance Auto Parts common stock as compensation awards. He received 86.73 deferred stock units and 3,209.02 shares, both tied to a $57.65 reference price, under the company’s Deferred Stock Unit Plan for directors and selected executives.
Were Thomas W. Seboldt’s AAP transactions open-market stock purchases?
No, the transactions were not open-market purchases. They are coded as acquisition grants (Code A) and described as awards and shares received in lieu of cash compensation under Advance Auto Parts’ Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
When do Thomas W. Seboldt’s deferred stock units in AAP vest and pay out?
The 86.73 deferred stock units vest on June 2, 2027. They will convert into shares of Advance Auto Parts common stock and be distributed pro rata if board service ends early, or at the end of Seboldt’s board service if he serves through vesting.
What does Code A mean in Thomas W. Seboldt’s AAP Form 4?
Code A on Seboldt’s Form 4 represents a grant, award, or other acquisition of stock, not a market purchase. The filing describes both entries as awards under the company’s Deferred Stock Unit Plan, including deferred stock units and shares received instead of cash fees.