Jeffrey W. Shepherd - Mar 1, 2022 Form 4/A - Amendment Insider Report for ADVANCE AUTO PARTS INC (AAP)

Role: EVP, CFO
Signature: /s/ Amanda L. Keister, as Attorney-in-Fact for Jeffrey W Shepherd
Stock symbol: AAP
Transactions as of: Mar 1, 2022
Transactions value $: $614,373
Form type: 4/A - Amendment
Date filed: 3/28/2022, 05:00 PM
Date Of Original Report: Mar 3, 2022
Previous filing: Mar 2, 2022
Next filing: Mar 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAP	Common Stock	Options Exercise	$873K	+4.34K	+30.99%	$201.17	18.3K	Mar 1, 2022	Direct	F1
transaction	AAP	Common Stock	Tax liability	-$259K	-1.29K	-7.01%	$201.17	17.1K	Mar 1, 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In March 2019, the reporting person received an equity award which was subject to achieving certain predetermined financial performance targets subject to certification by the registrant's Compensation Committee. Effective March 1, 2022, the registrant's Compensation Committee determined that these performance conditions had been achieved at a level providing for a payout of 175% of the target award. The original form filed on March 3, 2022 incorrectly provided a payout of 117% instead of 175%.
F2	Represents shares withheld to satisfy taxes at vesting of the performance shares reported herein. The original form filed on March 3, 2022 incorrectly stated shares withheld for taxes due to incorrect payout of the target award.

Content

In March 2019, the reporting person received an equity award which was subject to achieving certain predetermined financial performance targets subject to certification by the registrant's Compensation Committee. Effective March 1, 2022, the registrant's Compensation Committee determined that these performance conditions had been achieved at a level providing for a payout of 175% of the target award. The original form filed on March 3, 2022 incorrectly provided a payout of 117% instead of 175%.

Represents shares withheld to satisfy taxes at vesting of the performance shares reported herein. The original form filed on March 3, 2022 incorrectly stated shares withheld for taxes due to incorrect payout of the target award.