Starnes Bruce 4
4 · ADVANCE AUTO PARTS INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Advance Auto Parts (AAP) EVP Bruce Starnes Receives RSU Award
What Happened
Bruce Starnes, Executive VP & Chief Merchant of Advance Auto Parts (AAP), was granted 11,456 restricted stock units (reported as an award) on February 17, 2026. The award is reported at a grant price of $56.74 per share, with a total reported value of approximately $650,013. This is a compensation grant (RSUs), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (filed timely).
- Award: 11,456 RSUs at $56.74 each; total reported value ~$650,013.
- Shares owned after transaction: not specified in the filing.
- Footnote: The award comprises time‑based RSUs and performance‑based RSUs representing 50%/50% of the target award. Time‑based RSUs vest in ~3 equal annual installments beginning one year from the grant date. Performance RSUs may vest on the third anniversary only if pre‑set financial targets are met and certified by the Compensation Committee; above‑target vesting is possible for exceptional performance.
- Transaction code: A (award/grant).
Context
This is a routine equity compensation grant to an executive and does not represent an immediate cash purchase or sale. Such awards vest over time or upon performance conditions, so they do not necessarily indicate immediate insider buying or selling intent. Purchases (P) tend to be more directly interpreted as insider confidence signals than compensation awards.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17$56.74/sh+11,456$650,013→ 47,557 total
Footnotes (1)
- [F1]The reported amount of time-based restricted stock units (RSUs) along with performance-based RSUs not reported on this Form 4, collectively, represent 50% and 50% portions, respectively, of a target equity award. The time-based RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based RSUs may vest on the third anniversary of the grant date, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee, including the potential for vesting of above-target level shares for exceptional performance.