Form 4: CarParts.com Director Jay Keith Greyson Acquires Shares in Lieu of Retainer Fees

Director Jay Keith Greyson acquired 12,833 shares of CarParts.com, Inc. common stock on September 30, 2024, in lieu of retainer fees.

Summary

• On September 30, 2024, Jay Keith Greyson, a director of CarParts.com, Inc., acquired 12,833 shares of common stock.
• The acquisition was made through the CarParts.com, Inc. Director Payment Election Plan.
• The shares were awarded in lieu of retainer fees amounting to $11,550, with a price of $0.9 per share.
• Following the transaction, Greyson directly owns 339,290 shares of CarParts.com, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director taking shares instead of cash shows confidence in the company's future, but it's a relatively small transaction.

Positives

• Director's confidence in the company is demonstrated by accepting shares in lieu of cash retainer fees.

Industry Context

Directors accepting shares in lieu of cash compensation is a common practice, especially in growth-oriented companies, as it aligns their interests with those of shareholders and conserves cash.

Comparison to Industry Standards

• Comparing this to similar companies, director compensation structures vary widely.
• Some companies offer a mix of cash and equity, while others rely more heavily on one or the other.
• The decision to accept shares in lieu of cash is often influenced by the company's financial position and growth prospects.

Stakeholder Impact

• The transaction signals director alignment with shareholder interests.

Key Dates