March 4, 2025 · Form 4 insider transaction
Bhatia Shweta bought 13,013 shares of Advance Auto Parts, Inc. at $34.58 per share, a transaction worth $450.0K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
The reported amount of time-based restricted stock units (RSUs) along with performance-based RSUs not reported on this Form 4, collectively, represent 50% 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 certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee, including the potential for vesting of above-target level shares for exceptional performance.