Beland Michael 4
4 · ADVANCE AUTO PARTS INC · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Advance Auto Parts (AAP) SVP Michael Beland Withholds 480 Shares for Taxes
What Happened Michael Beland, SVP, Controller and CAO of Advance Auto Parts (AAP), had 480 shares withheld to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $51.21 each, for a total of approximately $24,581. This was a tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-04; filing date: 2026-03-06 (appears timely).
- 480 shares withheld at $51.21 per share — total value ≈ $24,581.
- Transaction code F indicates shares were withheld to cover taxes at vesting.
- Footnote: These shares were withheld upon vesting of time-based RSUs granted 2025-03-04 that vest in three equal annual installments beginning 2026-03-04.
- Shares owned after the transaction: not specified in the provided filing.
Context Tax-withholding dispositions are routine when RSUs vest and do not reflect an insider intentionally selling shares on the open market; they are used to cover required tax obligations. For retail investors, purchases or open-market sales are typically more informative about insider sentiment than withholding events.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-04$51.21/sh−480$24,581→ 18,308 total
Footnotes (1)
- [F1]Represents shares withheld to satisfy taxes at vesting of certain time-based restricted stock units granted on March 4, 2025 and vesting in three equal annual installments beginning on the one year anniversary of the grant date.