Advance Auto Parts GC receives stock grant
Vining Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Vining Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Advance Auto Parts EVP and General Counsel Jeffrey Vining received an equity award in the form of company stock. He was granted 7,050 shares of common stock at a reference price of $56.74 per share, bringing his directly held total to 21,510 shares after the award.
According to the footnote, these time-based restricted stock units represent 50% of a target equity award, with the remaining 50% in performance-based RSUs that are not reported in this Form 4. The time-based RSUs vest in three roughly equal annual installments starting one year from the grant date. The performance-based RSUs may vest on the third anniversary of the grant date only if Advance Auto Parts meets specified financial performance targets, with the possibility of earning above-target shares for exceptional performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,050 | $56.74 | $400K |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Advance Auto Parts (AAP) executive Jeffrey Vining report on this Form 4?
Was Jeffrey Vining’s Form 4 transaction a stock purchase or an equity award at AAP?
How do Jeffrey Vining’s time-based RSUs at AAP vest over time?
What are the performance-based RSUs mentioned in Jeffrey Vining’s AAP Form 4 footnote?
Can Jeffrey Vining earn more than the target number of performance-based RSUs at Advance Auto Parts?
Who approves and certifies the performance goals for Jeffrey Vining’s performance-based RSUs at AAP?
AI-generated analysis. How Rhea-AI works. Not financial advice.