Beland Michael 4

What Happened

• Michael Beland, SVP, Controller and Chief Accounting Officer of Advance Auto Parts (AAP), had 933 shares withheld to satisfy tax withholding obligations upon vesting of time-based restricted stock units. The shares were valued at $41.31 each, for a total withholding value of $38,542. This was a tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date: 2026-01-20; filing date: 2026-01-22 (filed two days after the transaction; Form 4 is typically due within two business days).
• Price: $41.31 per share; 933 shares withheld; total value $38,542.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnote: Shares withheld represent tax withholding at vesting of time-based RSUs granted on Jan 20, 2025, that vest in three equal annual installments beginning on the one-year anniversary of the grant.
• Transaction code: F — tax withholding to satisfy tax liability on vested awards.

Context

• This is a routine tax-withholding/net share settlement tied to RSU vesting, not a directional buy or sell expressing market sentiment. Such withholdings reduce the number of shares delivered to the insider but do not represent an active decision to liquidate additional shares on the open market.