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

Director Jay Keith Greyson acquired 14,850 shares of CarParts.com, Inc. common stock on March 31, 2025, in lieu of retainer fees.

Summary

• On March 31, 2025, Jay Keith Greyson, a director of CarParts.com, Inc., acquired 14,850 shares of common stock.
• The acquisition was made through the CarParts.com, Inc. Director Payment Election Plan.
• These shares were awarded in lieu of $14,850 in retainer fees.
• Following the transaction, Greyson directly owns 365,463 shares of CarParts.com, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction. The director taking shares instead of cash is mildly positive, suggesting confidence, but it's not a major event.

Positives

• The director's decision to take shares in lieu of cash retainer fees could be seen as a positive signal of confidence in the company's future.

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice to align their interests with those of shareholders. This reduces the company's immediate cash outflow and incentivizes directors to focus on long-term value creation.

Related Party Transactions

• The acquisition of shares by the director in lieu of retainer fees constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs and reduces immediate cash expenses for the company.

Key Dates

Keywords

CarParts.com, Director, Share Acquisition, Form 4, Insider Trading, PRTS, Greyson, Retainer Fees, Equity Compensation