Grimsland Ryan P 4

What Happened

Ryan P. Grimsland, Chief Financial Officer of Advance Auto Parts (AAP), was granted 16,744 restricted stock units (RSUs) on February 17, 2026, reported as an acquisition (award) at an attributed value of $56.74 per share, totaling $950,055. This was a compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (timely filing).
• Award: 16,744 RSUs at $56.74 per share; total reported value $950,055.
• Shares owned after transaction: not specified in this filing.
• Footnote: Grant consists of time‑based and performance‑based RSUs (see below).
• Transaction code: A (award/grant). No indication of tax withholding or immediate sale in the filing.

Context

Per the filing footnote, the award is split 50% time‑based RSUs and 50% performance‑based RSUs. The time‑based RSUs vest in three approximately equal annual installments beginning one year from the grant date. The performance RSUs may vest on the third anniversary only if specified financial targets are met and certified by the Compensation Committee, with potential for above‑target vesting for exceptional performance. RSU grants are compensation and do not necessarily indicate the insider’s view on the stock price.