Advance Auto Parts (AAP) grants 10,575-share equity award to HR chief
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Soler Kristen L
Role
EVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,575 | $56.74 | $600K |
Holdings After Transaction:
Common Stock — 33,740 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Advance Auto Parts (AAP) report for Kristen L. Soler?
Advance Auto Parts reported that EVP and Chief HR Officer Kristen L. Soler received a grant of 10,575 shares of common stock. This equity award increased her directly held stake to 33,740 shares following the transaction, reflecting compensation rather than an open-market share purchase.
What are the vesting terms of Kristen L. Soler’s new equity award at Advance Auto Parts (AAP)?
The 10,575 time-based RSUs vest in three roughly equal annual installments beginning one year from the grant date. A related block of performance-based RSUs may vest on the third anniversary if predetermined financial performance targets are met and certified by the Compensation Committee.
What performance conditions apply to Kristen L. Soler’s performance-based RSUs at AAP?
The performance-based RSUs tied to this award may vest on the third anniversary of the grant date. Vesting depends on Advance Auto Parts achieving predefined financial performance targets, with the Compensation Committee certifying results and the possibility of above-target vesting for exceptional performance.