ADVANCE AUTO PARTS INC·4

Jun 4, 4:06 PM ET

Johnson Richard A 4

Research Summary

AI-generated summary

Updated

Advance Auto Parts (AAP) Director Richard A. Johnson Receives Award

What Happened

  • Richard A. Johnson, a director of Advance Auto Parts, was granted 4,163.053 deferred stock units on 2026-06-02 at an imputed price of $57.65 per share, representing $240,000 in value. The Form 4 reports this as an award/grant (transaction code A), an acquisition of deferred units rather than an open-market purchase.

Key Details

  • Transaction date: 2026-06-02; Filing date (Form 4): 2026-06-04.
  • Awarded units: 4,163.053 deferred stock units; imputed price: $57.65; total value: $240,000.
  • Shares owned after transaction: Not specified in the filing.
  • Footnote: These are deferred stock units under the Advance Auto Parts Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives. Units vest on June 2, 2027 and will be converted to common shares at distribution; if board service ends before vesting they will be distributed pro rata, otherwise distributed at end of the director's board service.
  • Timeliness: Filed two days after the transaction (appears timely for a Form 4 reporting an award).

Context

  • Deferred stock units are a form of compensation for non-employee directors and convert to shares at distribution; they are typical director pay and do not, by themselves, indicate the director buying or selling stock on the open market.