Robert B. Cushing - Mar 2, 2023 Form 4 Insider Report for ADVANCE AUTO PARTS INC (AAP)

Role
EVP, Professional
Signature
/s/ Amanda L. Keister, as Attorney-in-Fact for Robert B. Cushing
Stock symbol
AAP
Transactions as of
Mar 2, 2023
Transactions value $
$546,678
Form type
4
Date filed
3/6/2023, 07:34 PM
Previous filing
Mar 2, 2023
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAP Common Stock Options Exercise $904K +6.49K +32.3% $139.21 26.6K Mar 2, 2023 Direct F1
transaction AAP Common Stock Tax liability -$326K -2.34K -8.8% $139.21 24.3K Mar 2, 2023 Direct F2
transaction AAP Common Stock Tax liability -$31.6K -227 -0.94% $139.21 24K Mar 2, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In March 2020, 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 2, 2023, the registrant's Compensation Committee determined that these performance conditions had been achieved at a level providing for a payout of 123% of the target award.
F2 Represents shares withheld to satisfy taxes at vesting of the performance shares reported herein.
F3 Represents shares withheld to satisfy taxes at vesting of certain time-based restricted stock units reported on a previously filed Form 4.