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 tax withholding.
Summary
- On April 18, 2024, Ryan Lockwood, the CFO of CarParts.com, had 22,254 Restricted Stock Units (RSUs) vest.
- These RSUs were granted on April 18, 2022, under the company's 2016 Equity Incentive Plan and vested in tranches.
- Lockwood also disposed of 11,279 shares on April 19, 2024, to cover tax withholding obligations related to the RSU vesting at a price of $1.29.
- Following these transactions, Lockwood directly owns 79,830 shares of common stock and indirectly owns 29,283 shares through an IRA and 1,000 shares as custodian for his son under UTMA.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to standard executive compensation.
Key Dates
| Date | Description |
|---|---|
| April 18, 2022 | Date the Restricted Stock Units (RSU) were granted to Ryan Lockwood under the CarParts.com, Inc. 2016 Equity Incentive Plan. |
| April 18, 2024 | Date that 22,254 Restricted Stock Units (RSU) vested. |
| April 19, 2024 | Date of the transaction where 11,279 shares of common stock were disposed of to satisfy tax withholding obligations. |
| April 22, 2024 | Date of the signature on the Form 4 filing. |
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