Form 4: CarParts.com COO Michael Huffaker Reports Stock Transactions
SEC Form 4 Filing
Michael Huffaker, COO of CarParts.com, reports the vesting and disposal of restricted stock units.
Summary
- On February 6, 2025, Michael Huffaker, the Chief Operating Officer of CarParts.com, Inc., reported transactions involving restricted stock units (RSUs).
- Huffaker disposed of 13,333 shares of common stock upon the vesting of RSUs.
- These RSUs were granted on February 6, 2023, under the company's 2016 Equity Incentive Plan.
- One-third of the RSUs vested on February 6, 2025, with the remaining shares scheduled to vest on the next anniversary of the grant date.
- Following the reported transaction, Huffaker directly owns 237,648 shares of common stock and 13,334 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Future Outlook
The remaining shares subject to the RSU vest on the next anniversary (and final) of the grant date, subject to such Reporting Person's service to the Company through such date.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the planned vesting of executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 6, 2023 | Date the Restricted Stock Units (RSU) were granted to the Reporting Person pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan. |
| February 6, 2025 | Date of transaction where 13,333 shares of common stock were disposed of upon vesting of RSUs; also the date when thirty-three and a third percent of the shares of stock subject to the RSU vested. |
| February 7, 2025 | Date of signature for the Form 4 filing. |
Keywords
CarParts.com, Michael Huffaker, PRTS, Stock, Restricted Stock Units, RSU, Form 4, Beneficial Ownership, Equity Incentive Plan, COO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.