Form 4: CarParts.com Director Barry Phelps Granted Over 213,000 Restricted Stock Units

CarParts.com, Inc. Director Barry Phelps was granted 213,086 cash-settled Restricted Stock Units (RSUs) on June 13, 2025, as part of his compensation.

Summary

• Barry Phelps, a Director of CarParts.com, Inc. (PRTS), was granted 213,086 Restricted Stock Units (RSUs).
• The transaction date for this grant was June 13, 2025.
• These RSUs are cash-settled, meaning each unit represents a contingent right to receive an amount in cash equal to the fair market value of one share of CarParts.com's common stock on the applicable vesting date.
• The RSUs are scheduled to vest upon the completion of a 12-month service period from the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a routine compensation event, it signifies continued alignment of a director's interests with the company's performance through equity.

Positives

• The grant of Restricted Stock Units to a director aligns their financial interests with those of the shareholders, encouraging long-term commitment and performance.

Future Outlook

The Restricted Stock Units are designed to vest after a 12-month service period from the grant date, indicating a future payout contingent on continued service.

Industry Context

This Form 4 filing details a routine equity compensation grant to a director, a common practice across various industries to incentivize leadership and align their interests with company performance.

Related Party Transactions

• The grant of Restricted Stock Units to Director Barry Phelps constitutes a transaction with a related party, which is a standard component of executive and director compensation packages.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial incentives with shareholder value creation, as the value of the RSUs is tied to the company's common stock performance.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The Restricted Stock Units are expected to vest upon the completion of a 12-month service period from the grant date (June 13, 2026).

Key Dates

Keywords

CarParts.com, PRTS, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Compensation, Barry Phelps