LEE EUGENE I JR 4
Research Summary
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Advance Auto Parts (AAP) Director Eugene I. Lee Jr Receives Stock Awards
What Happened Eugene I. Lee Jr, a director of Advance Auto Parts, received two awards of company common stock (reported as acquisitions) on June 2, 2026: 3,209.02 shares valued at $57.65/share ($185,000) and 2,601.908 shares at $57.65/share ($150,000), for a total of 5,810.928 shares and $335,000. These transactions were reported on a Form 4 filed June 4, 2026. These awards are compensation grants rather than open-market purchases.
Key Details
- Transaction date: 2026-06-02; Price per share: $57.65 (transaction code A = award/acquisition).
- Grants: 3,209.02 shares ($185,000) and 2,601.908 shares ($150,000); total 5,810.928 shares ($335,000).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote F1: The 3,209.02 units are deferred stock units (DSUs) that convert to common stock at distribution; they vest June 2, 2027 and will be distributed pro rata if board service ends earlier (otherwise at end of board service).
- Footnote F2: The 2,601.908 shares were issued in lieu of cash compensation under the company’s Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives.
- Filing timeliness: Form 4 filed June 4, 2026 — within the standard two-business-day reporting window.
Context These awards are part of director compensation (deferred stock units and share-in-lieu of cash), not an open-market purchase or sale. DSUs are a common non-cash pay arrangement and will convert to actual shares when distributed per the plan terms; such grants reflect compensation practices rather than a direct indication of insider buying or selling sentiment.