Advance Auto Parts (NYSE: AAP) director adds shares through dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Advance Auto Parts director Eugene I. Lee Jr. acquired 346.027 shares of common stock at $58.18 per share through a dividend reinvestment feature of the company’s Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. After this grant-like acquisition, he holds 83,999.998 shares directly and 34,070 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LEE EUGENE I JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 346.027 | $58.18 | $20K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 83,999.998 shares (Direct, null);
Common Stock — 34,070 shares (Indirect, By Family Trust)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 346.027 shares
Acquisition price: $58.18 per share
Direct holdings after transaction: 83,999.998 shares
+1 more
4 metrics
Shares acquired
346.027 shares
Common Stock acquired via dividend reinvestment feature
Acquisition price
$58.18 per share
Price for shares acquired on dividend reinvestment
Direct holdings after transaction
83,999.998 shares
Direct ownership following acquisition
Indirect holdings via family trust
34,070 shares
Indirect ownership classified as By Family Trust
Key Terms
Deferred Stock Unit Plan, dividend reinvestment, Non-Employee Directors and Selected Executives, indirect ownership
4 terms
Deferred Stock Unit Plan financial
"acquired pursuant to a dividend reinvestment feature of the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives"
A deferred stock unit plan grants employees or executives hypothetical share units that convert into actual shares or cash at a future date, often after meeting conditions like continued employment or retirement. It matters to investors because it ties pay to long-term performance and creates a future claim on the company’s stock or cash, which can dilute existing shareholders or signal management’s confidence in future value — like a delayed bonus paid in ownership.
dividend reinvestment financial
"were acquired pursuant to a dividend reinvestment feature of the Advance Auto Parts, Inc. Deferred Stock Unit Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Non-Employee Directors and Selected Executives financial
"Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives"
indirect ownership financial
"total_shares_following_transaction 34070.0000, direct_or_indirect I, nature_of_ownership By Family Trust"