Advance Auto Parts appoints Ryan P. Grimsland as CFO, effective Nov 27, 2023

ADVANCE AUTO PARTS INC

Mr. Grimsland joins from Lowe's where he was SVP Strategy & Transformation.
Annual base salary $675k, bonus target 85% of base, signing bonus $750k subject to repayment.
2024 annual equity award $1.6M; sign-on equity $1.6M RSUs + $400k stock options vesting over 3 years.
Severance: cash payment of base + 3-yr avg bonus (non-CIC) or 2x base + 2x target bonus (CIC).
Restrictive covenants include non-compete, non-solicit for one year post-termination.

item 5.02 item 9.01

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Appointed

Ryan P. Grimsland

Executive Vice President, Chief Financial Officer

AAP · ADVANCE AUTO PARTS INC

Effective: 2023-11-27
Filed: November 15, 2023, 6:59 PM ET

On November 13, 2023, Advance Auto Parts, Inc. (the "Company") appointed Ryan P. Grimsland to the position of Executive Vice President, Chief Financial Officer, commencing November 27, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ryan P. Grimsland was appointed as Executive Vice President, Chief Financial Officer at ADVANCE AUTO PARTS INC.

Action: appointed
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

On November 13, 2023, Advance Auto Parts, Inc. (the "Company") appointed Ryan P. Grimsland to the position of Executive Vice President, Chief Financial Officer, commencing November 27, 2023.

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ADVANCE AUTO PARTS INC filing history →

Source: SEC EDGAR

accession 0001158449-23-000238

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