Slone Reuben E 4
4 · ADVANCE AUTO PARTS INC · Filed Mar 2, 2022
Insider Transaction Report
Form 4
Slone Reuben E
Director
Transactions
- Award
Common Stock
2022-02-28$204.48/sh+1,039$212,455→ 12,411 total - Award
Stock Option (right to buy)
2022-02-28+3,940→ 3,940 totalExercise: $204.48Exp: 2032-02-27→ Common Stock (3,940 underlying)
Footnotes (2)
- [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.
- [F2]The option vests in three equal annual installments beginning on February 27, 2023.