OKelly Shane M 4
4 · ADVANCE AUTO PARTS INC · Filed Mar 18, 2024
Insider Transaction Report
Form 4
OKelly Shane M
DirectorDirector, President and CEO
Transactions
- Award
Common Stock
2024-03-14$79.53/sh+20,433$1,625,036→ 99,415 total - Award
Stock Option (right to buy)
2024-03-14+50,465→ 50,465 totalExercise: $79.53Exp: 2034-03-13→ Common Stock (50,465 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 certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target levels, 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 March 14, 2025