Form 4: CarParts.com CFO Ryan Lockwood Reports Stock Transactions
SEC Form 4
Ryan Lockwood, CFO of CarParts.com, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Ryan Lockwood, the Chief Financial Officer of CarParts.com, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On April 16, 2025, 18,750 Restricted Stock Units (RSUs) vested, which were granted on January 16, 2024, under the company's 2016 Equity Incentive Plan.
- These RSUs vest over time, with 50% vesting on the first anniversary and the remainder vesting quarterly.
- Following the vesting, Lockwood disposed of 6,709 shares on April 17, 2025, at a price of $0.82 to cover tax withholding obligations.
- After these transactions, Lockwood directly owns 169,809 shares of CarParts.com common stock and 56,250 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider trading activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| January 16, 2024 | Date the Restricted Stock Units (RSUs) were granted to Ryan Lockwood. |
| January 16, 2025 | First anniversary of the grant date; 50% of the RSUs vested. |
| April 16, 2025 | Date of the reported transaction where 18,750 RSUs vested. |
| April 17, 2025 | Date shares were disposed of to cover tax withholding obligations. |
| April 18, 2025 | Date of the form filing. |
Keywords
Form 4, Ryan Lockwood, CarParts.com, PRTS, Restricted Stock Units, RSU, Beneficial Ownership, CFO, Stock Transaction, Vesting
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