Natalie Schechtman - 06 Mar 2023 Form 4 Insider Report for ADVANCE AUTO PARTS INC (AAP)

Reporting relationship: EVP Human Resources
Issuer ticker: AAP
Reported as of: 06 Mar 2023
Net transaction value: +$274,990
SEC form: 4
Accepted by SEC: 08 Mar 2023, 20:20:16 UTC
Prior SEC filing: 06 Mar 2023
Next SEC filing: 09 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Amanda L. Keister, as Attorney-in-Fact for Natalie Schechtman

Key filing fact

Natalie Schechtman filed Form 4 for ADVANCE AUTO PARTS INC (AAP) on 08 Mar 2023.

Key facts

This page summarizes Natalie Schechtman's Form 4 filing for ADVANCE AUTO PARTS INC (AAP).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 08 Mar 2023, 20:20.

Change

Previous filing in this sequence was filed on 06 Mar 2023.
Current net transaction value: +$274,990.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AAP transaction

Common Stock

Award

Transaction value: $274,990
Shares: +2,035
Change %: +17%
Price: $135.13
Shares after: 13,959
Date: 06 Mar 2023
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AAP transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +7,774
Change %: +224%
Price: $0.000000
Shares after: 11,248
Date: 06 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,774
Exercise price: $135.13
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The reported amount of time-based restricted stock units (RSUs) along with performance-based RSUs not reported on this Form 4, collectively, represent 25% and 50% portions, respectively, of a target equity award. The time-based RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based RSUs may vest on the third anniversary of the grant date, if the registrant achieves a certain pre-determined financial performance target, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target level, the reporting person may receive additional shares up to a maximum of 200% of the target level grant of performance-based RSUs.

Footnote F2

The option vests in three equal annual installments beginning on March 5, 2024.