Form 4 for AAP ADVANCE AUTO PARTS INC

Accepted 2023-03-08 00:00:00 ET · period of report 2023-03-06 · accession 0001158449-23-000076 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-03-08	2023-03-06	AAP	Schechtman Natalie	EVP Human Resources	A - Grant	$135.13	+2,035	14.0K	+17%	+$275.0K
D	2023-03-08	2023-03-06	AAP	Schechtman Natalie	EVP Human Resources	A - Grant	$0.00	+7,774	11.2K	+224%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-03-06	A	A	2,035	$135.13	13,959	D	—	—	(F1) The reported amount of time-based restricted stock units (RSUs) along with performance-based RSUs not reported on this Form 4, collectively, represent 25% 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 a certain pre-determined financial performance target, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target level, the reporting person may receive additional shares up to a maximum of 200% of the target level grant of performance-based RSUs.
2	Derivative	Stock Option (right to buy)	2023-03-06	A	A	7,774	$0.00	11,248	D	$135.13 · — to 2033-03-05	7,774 Common Stock	(F2) The option vests in three equal annual installments beginning on March 5, 2024.