Jason McDonell - 02 Mar 2023 Form 4 Insider Report for ADVANCE AUTO PARTS INC (AAP)

Role
EVP, Merch, Marketing & e-comm
Signature
/s/ Amanda L. Keister, as Attorney-in-Fact for Jason McDonell
Issuer symbol
AAP
Transactions as of
02 Mar 2023
Net transactions value
+$497,397
Form type
4
Filing time
06 Mar 2023, 19:34:59 UTC
Previous filing
02 Mar 2023
Next filing
08 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAP Common Stock Options Exercise $768,300 +5,519 +91% $139.21 11,594 02 Mar 2023 Direct F1
transaction AAP Common Stock Tax liability $244,870 -1,759 -15% $139.21 9,835 02 Mar 2023 Direct F2
transaction AAP Common Stock Tax liability $26,032 -187 -1.9% $139.21 9,648 02 Mar 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.