Advance Auto Parts SVP granted 3,085-share equity award
Advance Auto Parts senior vice president Anthony T. Hurst received an equity award of 3,085 shares of common stock on February 17, 2026, recorded as a grant or other acquisition rather than an open-market purchase.
Rhea-AI Filing Summary
Advance Auto Parts senior vice president Anthony T. Hurst received an equity award of 3,085 shares of common stock on February 17, 2026, recorded as a grant or other acquisition rather than an open-market purchase. The award is based on a reference price of $56.74 per share.
The filing explains that these shares are time-based restricted stock units that form one half of a broader target equity award, with the other half made up of performance-based restricted stock units that are not detailed here. The time-based units vest in three approximately equal annual installments starting one year after the grant date, while the performance-based portion may vest on the third anniversary if specific financial performance goals are certified by the company’s compensation committee, including the possibility of above-target payouts for exceptional results.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,085 | $56.74 | $175K |
Footnotes (1)
- F1. The reported amount of time-based restricted stock units (RSUs) along with performance-based RSUs not reported on this Form 4, collectively, represent 50% and 50% portions, respectively, of a target equity award. The time-based RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based RSUs may vest on the third anniversary of the grant date, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee, including the potential for vesting of above-target level shares for exceptional performance.
FAQ
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What insider transaction did AAP executive Anthony T. Hurst report?
What type of equity award did AAP grant to Anthony T. Hurst?
How do Anthony T. Hurst’s AAP time-based RSUs vest?
What performance conditions apply to AAP’s performance-based RSUs mentioned in the filing?
Does the Form 4 show any stock sales by Anthony T. Hurst of AAP?
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