Eugene I. Lee Jr. - 28 Aug 2023 Form 4 Insider Report for ADVANCE AUTO PARTS INC (AAP)

Role: Director
Signature: /s/ Amanda L. Keister, as Attorney-in-Fact for Eugene I. Lee, Jr
Issuer symbol: AAP
Transactions as of: 28 Aug 2023
Net transactions value: +$1,624,818
Form type: 4
Filing time: 14 Sep 2023, 18:26:14 UTC
Previous filing: 03 Aug 2023
Next filing: 22 Sep 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	Award	$1,125,000	+17,142	+33%	$65.63	68,837	28 Aug 2023	Direct	F1
transaction	AAP	Common Stock	Purchase	$499,818	+8,670	+81%	$57.65	19,430	13 Sep 2023	By Family Trust	F2

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

Explanation of Responses:

Id	Content
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 August 28, 2024 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.
F2	The price per share reported in this column is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $56.95 to $58.00, inclusive. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the preceding sentence.

Content

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 August 28, 2024 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.

The price per share reported in this column is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $56.95 to $58.00, inclusive. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the preceding sentence.