Beland Michael 4

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.