ADVANCE AUTO PARTS INC 4
4 · ADVANCE AUTO PARTS INC · Filed Dec 3, 2014
Insider Transaction Report
Form 4
Powell Sarah E
SVP, General Counsel & Sec
Transactions
- Award
Common Stock
2014-12-01$147.07/sh+1,139$167,513→ 6,798 total - Tax Payment
Common Stock
2014-12-01$147.07/sh−87$12,795→ 5,659 total
Footnotes (2)
- [F1]Represents shares withheld to satisfy a tax withholding obligation upon the vesting of restricted stock.
- [F2]The reported amount of time-based restricted stock units (RSUs) along with performance-based stock appreciation rights (SARs) not reported on this Form 4, collectively, represent 67% and 33% portions, respectively, of a target equity award. The RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based SARs may vest on March 1, 2018, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target levels, the reporting person may receive additional performance-based SARs up to a maximum of an additional 100% of the target level grant of performance-based SARs.