Advance Auto Parts grants shares to HR chief
Advance Auto Parts reported that EVP and Chief HR Officer Kristen L. Soler acquired an equity award of 10,575 shares of common stock as a grant.
Rhea-AI Filing Summary
Advance Auto Parts reported that EVP and Chief HR Officer Kristen L. Soler acquired an equity award of 10,575 shares of common stock as a grant. The reference price for the award was $56.74 per share, and her directly held stake increased to 33,740 shares after the award.
The 10,575 reported shares are time-based restricted stock units that vest in three roughly equal annual installments, starting one year from the grant date. A separate portion of the same target equity award consists of performance-based restricted stock units that may vest on the third anniversary of the grant date if specified financial performance targets are certified, with the potential for above-target vesting in cases of exceptional performance.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,575 | $56.74 | $600K |
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 Advance Auto Parts (AAP) report for Kristen L. Soler?
What are the vesting terms of Kristen L. Soler’s new equity award at Advance Auto Parts (AAP)?
What performance conditions apply to Kristen L. Soler’s performance-based RSUs at AAP?
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