Advance Auto Parts SVP granted stock awards
Advance Auto Parts senior vice president, controller and chief accounting officer Michael Beland reported acquiring a total of 5,729 shares of common stock through equity awards coded as grants or other acquisitions.
Rhea-AI Filing Summary
Advance Auto Parts senior vice president, controller and chief accounting officer Michael Beland reported acquiring a total of 5,729 shares of common stock through equity awards coded as grants or other acquisitions. These awards are structured as time-based restricted stock units that generally vest in three approximately equal annual installments starting one year after the grant date.
Footnotes explain that the reported time-based restricted stock units represent 50% of a broader target equity award, with the remaining 50% in performance-based units not reported in this filing. Those performance-based units may vest on the third anniversary of the grant date if pre-determined financial performance targets are achieved and certified by the compensation committee, with the potential for above-target vesting for exceptional performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,085 | $56.74 | $175K |
| Grant/Award | Common Stock | 2,644 | $56.74 | $150K |
Footnotes (2)
- 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.
- F2. The reported amount represents an equity award of time-based restricted stock units (RSUs) that are subject to time vesting in three approximately equal annual installments beginning one year from the grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Advance Auto Parts (AAP) report for Michael Beland?
How do Michael Beland’s time-based RSUs from Advance Auto Parts (AAP) vest?
What portion of Michael Beland’s AAP equity award is reported on this Form 4?
How are Michael Beland’s performance-based RSUs at Advance Auto Parts (AAP) earned?
Is Michael Beland’s transaction in AAP stock a market purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.