Beland Michael 4

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.