Form 4: CarParts.com Executive Receives Restricted Stock Awards

CarParts.com, Inc. Chief Technology Officer, Kals Subramanian, was granted 175,000 Restricted Stock Awards on April 8, 2026, vesting over three years.

Summary

• Kals Subramanian, Chief Technology Officer of CarParts.com, Inc., received a grant of 175,000 Restricted Stock Awards (RSAs) on April 8, 2026.
• These RSAs are part of the CarParts.com, Inc. 2016 Equity Incentive Plan.
• The awards will vest in three equal installments of 33 1/3% on each of the three anniversaries of the grant date.
• Vesting is contingent upon Subramanian's continued employment with the company through each respective vesting date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard executive compensation action rather than a significant strategic shift or financial performance indicator.

Positives

• Grant of restricted stock awards indicates a commitment to retaining key technology leadership.
• The vesting schedule over three years aligns executive incentives with long-term company performance.
• The grant is made under an existing equity incentive plan, suggesting established compensation practices.

Risks

• The primary risk is the potential departure of the Chief Technology Officer before the full vesting of the RSAs, resulting in forfeiture of unvested awards.
• Future performance of CarParts.com, Inc. could impact the perceived value of these awards.

Future Outlook

The future outlook for the granted stock awards is dependent on the continued service of Kals Subramanian and the future performance of CarParts.com, Inc.'s stock.

Industry Context

StockSavvy.ai notes that grants of Restricted Stock Awards to key technology executives are a common practice in the e-commerce and automotive parts sectors to attract and retain talent, especially in competitive markets.

Stakeholder Impact

• Shareholders: The grant of RSAs represents a form of compensation, which can dilute ownership if not managed effectively. However, it also aligns executive interests with long-term shareholder value.
• Employees: The grant may signal the company's commitment to retaining key talent, potentially boosting morale among other employees.
• Management: The Chief Technology Officer receives an incentive tied to continued employment and company performance.

Next Steps

• Kals Subramanian will continue to serve as Chief Technology Officer.
• The Restricted Stock Awards will vest in three equal installments over the next three years, subject to continued service.

Key Dates

Keywords

Restricted Stock Awards, CarParts.com, PRTS, Equity Incentive Plan, Executive Compensation, Chief Technology Officer, Stock Options, Vesting Schedule