Form 4: CarParts.com CFO Ryan Lockwood Reports Stock Transactions
SEC Form 4 Filing
Ryan Lockwood, CFO of CarParts.com, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 6, 2025, Ryan Lockwood, the CFO of CarParts.com, had 21,528 Restricted Stock Units (RSUs) vest.
- These RSUs were granted on February 6, 2023, under the company's 2016 Equity Incentive Plan and vested in installments.
- Following the vesting, 7,660 shares of common stock were withheld by the company on February 7, 2025, to cover tax obligations at a price of $1.08 per share.
- After these transactions, Lockwood directly owns 157,768 shares of CarParts.com common stock and 21,528 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting routine stock transactions related to executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock-based compensation is vesting and shares are being sold to cover taxes.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of existing equity grants and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| 02/06/2023 | Date Restricted Stock Units (RSUs) were granted to Ryan Lockwood. |
| 02/06/2025 | Date when 21,528 Restricted Stock Units (RSUs) vested. |
| 02/07/2025 | Date when 7,660 shares were withheld to cover tax obligations. |
Keywords
CarParts.com, Ryan Lockwood, CFO, Form 4, Stock, Restricted Stock Units, RSU, Vesting, Tax Withholding, Equity Incentive Plan
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