---
schema_version: "secwatch.filing_event.v1"
accession: "0001158449-23-000238"
form_type: "8-K"
ticker: "AAP"
cik: "0001158449"
company_name: "ADVANCE AUTO PARTS INC"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T01:59:16.217561+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001158449-23-000238
- form_type: 8-K
- ticker: AAP
- cik: 0001158449
- company_name: ADVANCE AUTO PARTS INC
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158449/000115844923000238/0001158449-23-000238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158449/000115844923000238/aap-20231113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-23-000238
- JSON: https://secwatch.observer/filing/0001158449-23-000238.json
- Plain text: https://secwatch.observer/filing/0001158449-23-000238.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158449/000115844923000238/0001158449-23-000238-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.