Vining Jeffrey 4
4 · ADVANCE AUTO PARTS INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Advance Auto Parts (AAP): Jeffrey Vining Receives RSU Award
What Happened
Jeffrey Vining, EVP, General Counsel and Corporate Secretary of Advance Auto Parts (AAP), was granted 7,050 restricted stock units (RSUs) on 2026-02-17. The grant is reported at a per-share value of $56.74, for a total grant value of approximately $400,017. This was an award/compensation grant (Form 4 transaction code A), not an open-market purchase.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (timely).
- Grant: 7,050 RSUs at $56.74 per share; total reported value $400,017.
- Shares owned after transaction: not disclosed on this Form 4.
- Footnote: The award represents a target equity award split 50% time-based RSUs and 50% performance-based RSUs. Time-based RSUs vest in three roughly equal annual installments starting about one year after the grant. Performance RSUs may vest at 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.
Context
This is a standard equity compensation grant to an executive and does not involve a cash purchase or sale. Time-based RSUs vest over time while the performance RSUs depend on future company performance and committee certification, so actual shares received will depend on vesting outcomes.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17$56.74/sh+7,050$400,017→ 21,510 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.