Form 4: Motorcar Parts of America CFO David Lee Reports Stock Transactions
SEC Form 4 Filing
David Lee, CFO of Motorcar Parts of America, reports the vesting of performance-based stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 24, 2025, David Lee, CFO of Motorcar Parts of America, reported transactions involving the company's common stock.
- 17,422 shares were acquired due to the vesting of performance-based stock units.
- 9,744 shares were disposed of to satisfy tax obligations at a price of $10.58 per share.
- Following these transactions, Lee directly owns 48,120 shares of Motorcar Parts of America.
- The performance-based stock units vest in three tranches based on the company's stock price reaching $10, $15, and $20 for at least 30 days.
Sentiment
Score: 5
Explanation: The document reflects routine insider transactions, with no indication of positive or negative sentiment. It's a neutral reporting of facts.
Future Outlook
The vesting of future tranches of performance-based stock units is contingent on the company's stock price performance.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting the CFO's compensation and tax planning.
Key Dates
| Date | Description |
|---|---|
| 06/19/2023 | Date of grant for the performance based units. |
| 03/24/2025 | Date of stock transactions: vesting of performance-based stock units and sale of shares for tax obligations. |
| 03/26/2025 | Date of signature for the Form 4 filing. |
| 06/30/2026 | Expiration date of the Performance Based Stock Units. |
Keywords
Form 4, MPAA, Motorcar Parts of America, David Lee, CFO, Stock Options, Vesting, Insider Trading
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