Shane M. OKelly - 04 Mar 2025 Form 4 Insider Report for ADVANCE AUTO PARTS INC (AAP)

Role: Director, President and CEO, Director
Signature: /s/ Amanda L. Keister, as Attorney-in-Fact for Shane M. OKelly
Issuer symbol: AAP
Transactions as of: 04 Mar 2025
Net transactions value: +$3,250,001
Form type: 4
Filing time: 05 Mar 2025, 20:01:43 UTC
Previous filing: 20 Sep 2024
Next filing: 12 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAP	Common Stock	Award	$3,250,001	+93,985	+107%	$34.58	181,621	04 Mar 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.