Robert B. Cushing - Mar 1, 2022 Form 4/A - Amendment Insider Report for ADVANCE AUTO PARTS INC (AAP)

Signature
/s/ Amanda L. Keister, as Attorney-in-Fact for Robert B. Cushing
Stock symbol
AAP
Transactions as of
Mar 1, 2022
Transactions value $
$718,378
Form type
4/A - Amendment
Date filed
3/28/2022, 05:05 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 $1.03M +5.11K +30.09% $201.17 22.1K Mar 1, 2022 Direct F1
transaction AAP Common Stock Tax liability -$309K -1.54K -6.96% $201.17 20.5K 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.