Advance Auto Parts director awarded 3,209 stock units
Advance Auto Parts director Brent Windom reported a new equity award in the form of deferred stock units.
Rhea-AI Filing Summary
Advance Auto Parts director Brent Windom reported a new equity award in the form of deferred stock units. He received 3,209.02 units of common stock at a reference price of $57.65 per share as a grant or award. These units vest on June 2, 2027 and will convert into common shares for distribution, generally at the end of his board service, with pro-rata distribution if his service ends earlier. Following this grant, he holds 9,676.335 common shares directly and 10,000 common shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,209.02 shares
Grant/Award
2 txns
Insider
Windom Brent
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,209.02 | $57.65 | $185K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,676.335 shares (Direct);
Common Stock — 10,000 shares (Indirect, By Trust)
Footnotes (1)
- F1. These deferred stock units, which will be converted to shares of issuer common stock at the time of distribution, were awarded under the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. These shares will vest on June 2, 2027 and will be distributed on a pro-rata basis if board service ends prior to the vesting date. Otherwise, these shares will be distributed to the reporting person at the end of the director's board service.
Key Figures
Deferred stock units granted: 3,209.02 units
Grant reference price: $57.65 per share
Direct common shares after grant: 9,676.335 shares
+2 more
5 metrics
Deferred stock units granted
3,209.02 units
Grant of common stock units at $57.65 per share
Grant reference price
$57.65 per share
Price used for deferred stock unit award
Direct common shares after grant
9,676.335 shares
Direct holdings following the June 2, 2026 award
Indirect common shares by trust
10,000 shares
Indirect holdings reported as held by trust
Vesting date for units
June 2, 2027
Deferred stock units vesting schedule under DSU plan
Key Terms
deferred stock units, Deferred Stock Unit Plan, vest, pro-rata basis, +1 more
5 terms
deferred stock units financial
"These deferred stock units, which will be converted to shares of issuer common stock at the time of distribution..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Deferred Stock Unit Plan financial
"...were awarded under 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.
vest financial
"These shares will vest on June 2, 2027 and will be distributed on a pro-rata basis..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
pro-rata basis financial
"These shares will vest on June 2, 2027 and will be distributed on a pro-rata basis if board service ends prior to the vesting date."
Allocation or distribution that gives each participant a share proportional to their existing ownership, stake or entitlement — like slicing a pie so everyone gets a piece matching how big their original slice was. For investors this matters because it determines how much of new shares, dividends, fees or obligations they receive, helps preserve or change ownership percentages, and directly affects dilution and voting power.
indirect ownership financial
"total_shares_following_transaction: 10000.0000 ... direct_or_indirect: "I", nature_of_ownership: "By Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Brent Windom report in this Form 4 for AAP?
Brent Windom reported receiving 3,209.02 deferred stock units of Advance Auto Parts common stock as a grant. The award is part of a deferred stock unit plan for non-employee directors and selected executives, rather than an open-market share purchase.
When do Brent Windom’s new deferred stock units in AAP vest?
The newly awarded deferred stock units vest on June 2, 2027. If Brent Windom’s board service ends before that date, the units are distributed on a pro-rata basis; otherwise, they are distributed at the end of his board service in common shares.
Are Brent Windom’s AAP deferred stock units an open-market purchase?
No, the 3,209.02 units are a grant under Advance Auto Parts’ Deferred Stock Unit Plan. They represent compensation for service as a director, not an open-market transaction, and will convert into common shares upon distribution according to the plan’s terms.
How are Brent Windom’s AAP deferred stock units distributed if he leaves the board early?
If Brent Windom’s board service ends before June 2, 2027, his deferred stock units are distributed on a pro-rata basis. This means only a portion of the award converts to shares, reflecting the length of time he served before the scheduled vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
