Starnes Bruce 4

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.