Form 4: Motorcar Parts of America Director Acquires Restricted Stock Units
SEC Form 4 Filing
Barbara L. Whittaker, a director of Motorcar Parts of America Inc., reports the acquisition of 15,570 Restricted Stock Units on September 6, 2024.
Summary
- On September 6, 2024, Barbara L. Whittaker, a director of Motorcar Parts of America Inc. (MPAA), acquired 15,570 Restricted Stock Units (RSUs).
- These RSUs are convertible to common stock.
- The RSUs were acquired at a price of $0.00.
- Following the transaction, Whittaker directly owns 15,570 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a standard transaction of stock units. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The acquisition of restricted stock units by a director could be perceived positively by stakeholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of transaction: Acquisition of Restricted Stock Units |
| 09/06/2025 | Date exercisable for Restricted Stock Units |
| 12/31/2025 | Expiration date for Restricted Stock Units |
| 09/09/2024 | Date of signature |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.