Advance Auto Parts director gets stock awards
Advance Auto Parts director Thomas W. Seboldt reported stock-based compensation awards rather than market purchases.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,209.02 | $57.65 | $185K |
| Grant/Award | Common Stock | 86.73 | $57.65 | $5K |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
deferred stock units financial
in lieu of cash compensation financial
Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Thomas W. Seboldt report for AAP?
Were Thomas W. Seboldt’s AAP transactions open-market stock purchases?
When do Thomas W. Seboldt’s deferred stock units in AAP vest and pay out?
What does Code A mean in Thomas W. Seboldt’s AAP Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.