Beland Michael 4
4 · ADVANCE AUTO PARTS INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Advance Auto Parts (AAP) SVP Michael Beland Receives Award
What Happened Michael Beland, Senior Vice President, Controller and Chief Accounting Officer of Advance Auto Parts (AAP), was granted two equity awards on February 17, 2026. He received 3,085 RSUs at $56.74 per share (value $175,043) and 2,644 RSUs at $56.74 per share (value $150,021), for a combined award value of approximately $325,064. These were reported on Form 4 as awards (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (appears timely).
- Prices reported: $56.74 per share for both grants.
- Shares granted: 3,085 RSUs and 2,644 RSUs (total 5,729 RSUs); combined reported value ≈ $325,064.
- Shares owned after transaction: not specified in the provided data.
- Footnotes of the filing:
- One entry notes the reported time‑based RSUs together with separate performance‑based RSUs represent 50%/50% of a target award; performance RSUs may vest on the third anniversary subject to pre‑set financial targets and committee certification.
- The other entry describes time‑based RSUs that vest in roughly three equal annual installments beginning one year after grant.
- Transaction code: A = grant/award. No 10b5-1 plan, tax‑withholding, or late‑filing flags noted in the provided details.
Context These awards are compensatory equity grants subject to vesting schedules (time‑based and performance‑based). Such grants reflect company compensation practices and are not the same as an insider buying or selling shares in the market; performance RSUs only convert to shares if predetermined targets are met.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17$56.74/sh+3,085$175,043→ 16,144 total - Award
Common Stock
[F2]2026-02-17$56.74/sh+2,644$150,021→ 18,788 total
Footnotes (2)
- [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.
- [F2]The reported amount represents an equity award of time-based restricted stock units (RSUs) that are subject to time vesting in three approximately equal annual installments beginning one year from the grant date.