Advance Auto Parts (NYSE: AAP) director adds shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advance Auto Parts director Gregory L. Smith increased his holdings through a routine share award. On April 24, he acquired 27.671 shares of common stock at $58.18 per share under a dividend reinvestment feature of the company’s Deferred Stock Unit Plan for non-employee directors and selected executives. Following this plan-based acquisition, he directly holds a total of 6,467.316 common shares.
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 | 27.671 | $58.18 | $2K |
Holdings After Transaction:
Common Stock — 6,467.316 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares acquired: 27.671 shares
Price per share: $58.18 per share
Post-transaction holdings: 6,467.316 shares
3 metrics
Shares acquired
27.671 shares
Common stock credited on April 24 via dividend reinvestment
Price per share
$58.18 per share
Crediting price for dividend reinvestment acquisition
Post-transaction holdings
6,467.316 shares
Total common shares directly held after the award
Key Terms
Deferred Stock Unit Plan, dividend reinvestment feature, Form 4
3 terms
Deferred Stock Unit Plan financial
"Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives"
dividend reinvestment feature financial
"acquired pursuant to a dividend reinvestment feature of the Advance Auto Parts, Inc. Deferred Stock Unit Plan"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Advance Auto Parts (AAP) director Gregory L. Smith report on this Form 4?
Director Gregory L. Smith reported acquiring 27.671 shares of Advance Auto Parts common stock. The shares were credited at $58.18 each through a dividend reinvestment feature, increasing his direct holdings to 6,467.316 shares after the transaction.
Was Gregory L. Smith’s AAP transaction an open-market purchase or a plan-based award?
The transaction was a plan-based award, not an open-market purchase. The 27.671 shares were acquired via a dividend reinvestment feature of Advance Auto Parts’ Deferred Stock Unit Plan for non-employee directors and selected executives, reflecting routine compensation-related activity.
Does this AAP Form 4 indicate any stock sales by Gregory L. Smith?
No, this Form 4 does not show any stock sales by Gregory L. Smith. It reports only an acquisition of 27.671 shares of common stock through a dividend reinvestment feature, increasing his direct ownership to 6,467.316 shares after the credited award.