Form 4: Director Jay Greyson Receives RSU Grant at CarParts.com

Director Jay Greyson was granted 186,717 cash-settled restricted stock units (RSUs) by CarParts.com, Inc.

Summary

• Director Jay Greyson received a grant of 186,717 cash-settled restricted stock units (RSUs) on May 19, 2026.
• Each RSU represents a contingent right to receive cash equal to the fair market value of one share of common stock upon vesting.
• The RSUs are scheduled to vest on the date of the 2027 annual shareholder meeting, contingent upon continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative disclosure regarding director compensation with no immediate impact on company operations.

Positives

• Aligns director compensation with company performance through equity-linked incentives.

Negatives

• The grant is cash-settled rather than stock-settled, which may impact future cash flow requirements upon vesting.

Risks

• Vesting is subject to the director's continued service with the company.
• Cash-settlement creates a future liability dependent on the company's share price at the time of the 2027 annual meeting.

Future Outlook

The RSUs will vest at the 2027 annual shareholder meeting, provided the director remains in service.

Industry Context

StockSavvy.ai notes that cash-settled RSU grants are a common mechanism for director compensation in the e-commerce and automotive retail sectors to provide equity-like incentives without immediate share dilution.

Comparison to Industry Standards

• The use of cash-settled RSUs is a standard practice for board compensation to manage dilution while maintaining alignment with shareholder interests.

Stakeholder Impact

• Shareholders: No immediate dilution as the units are cash-settled.

Next Steps

• Vesting of RSUs at the 2027 annual shareholder meeting.

Key Dates

Keywords

CarParts.com, PRTS, Director Compensation, Restricted Stock Units, Insider Transaction, Equity Grant