Form 4: CarParts.com CEO David Meniane Reports Stock Transactions
SEC Form 4 Filing
CarParts.com CEO David Meniane reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- David Meniane, CEO of CarParts.com, filed a Form 4 detailing changes in beneficial ownership.
- On April 16, 2025, 43,750 Restricted Stock Units (RSUs) vested, which were granted on January 16, 2024, under the company's 2016 Equity Incentive Plan.
- Following the vesting, 15,654 shares were withheld by the company on April 17, 2025, to cover tax obligations at a price of $0.82 per share.
- After these transactions, Meniane directly owns 1,755,905 shares of CarParts.com common stock and 131,250 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as the CEO, ensuring fair market practices.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| January 16, 2024 | Restricted Stock Units (RSUs) were granted to David Meniane. |
| January 16, 2025 | Fifty percent of the RSUs vested. |
| April 16, 2025 | Additional RSUs vested. |
| April 16, 2025 | 43,750 Restricted Stock Units vested. |
| April 17, 2025 | 15,654 shares were withheld for tax obligations at $0.82 per share. |
| April 18, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, David Meniane, CarParts.com, PRTS, Restricted Stock Units, RSUs, Vesting, Tax Withholding, Equity Incentive Plan
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