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

Director Jay Keith Greyson acquired 7,129 shares of CarParts.com, Inc. common stock on April 1, 2024, in lieu of retainer fees.

Summary

• On April 1, 2024, Jay Keith Greyson, a director of CarParts.com, Inc., acquired 7,129 shares of common stock.
• The shares were awarded under the CarParts.com, Inc. Director Payment Election Plan.
• The acquisition was in lieu of retainer fees totaling $11,550, with the shares acquired at a price of $1.62 per share.
• Following the transaction, Greyson directly owns 240,449 shares of CarParts.com, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine director compensation matter. The director taking shares instead of cash is a mildly positive signal.

Positives

• Director's decision to take shares instead of cash may signal confidence in the company's future.

Industry Context

Directors accepting stock in lieu of cash compensation is a fairly common practice, especially for smaller companies, as it can help preserve cash and align director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reduces the company's immediate cash outflow.

Key Dates