OKelly Shane M 4
4 · ADVANCE AUTO PARTS INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Advance Auto Parts (AAP) CEO Shane M. Okelly Withholds 2,959 Shares for Taxes
What Happened
Shane M. Okelly (President & CEO; Director) had 2,959 shares withheld to satisfy tax withholding obligations related to vested time‑based restricted stock units. The withheld shares were recorded at $51.73 each, totaling approximately $153,069. This was a tax‑withholding disposition (code F), not an open‑market sale.
Key Details
- Transaction date: 2026-03-14; Filing date (Form 4): 2026-03-17 (filed within the standard reporting window).
- Shares withheld/disposed: 2,959 at $51.73 each — total value ≈ $153,069.
- Transaction code: F (shares withheld to satisfy tax liability at vesting).
- Footnote: These shares were withheld to satisfy taxes on time‑based RSUs granted 2024-03-14 that vest in three equal annual installments beginning one year after grant.
- Shares owned after transaction: Not specified in this filing (see the full Form 4 for holdings).
Context
Share withholding to cover taxes on vested RSUs is a routine administrative action (a cashless surrender of shares) and does not necessarily indicate a deliberate open‑market sale or change in insider sentiment. For more detail on total holdings or other transactions by the insider, consult the full Form 4 filing (Accession: 0001193125-26-110753).
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-14$51.73/sh−2,959$153,069→ 214,707 total
Footnotes (1)
- [F1]Represents shares withheld to satisfy taxes at vesting of certain time-based restricted stock units granted on March 14, 2024 and vesting in three equal annual installments beginning on the one year anniversary of the grant date.