Form 4: Motorcar Parts of America Director Philip Gay Reports Acquisition of Restricted Stock Units
SEC Form 4
Director Philip Gay reported acquiring 15,570 Restricted Stock Units of Motorcar Parts of America on September 6, 2024.
Summary
- On September 6, 2024, Philip Gay, a director of Motorcar Parts of America, Inc. (MPAA), reported acquiring 15,570 Restricted Stock Units (RSUs).
- These RSUs are convertible into common stock.
- The RSUs were acquired on September 6, 2024, and expire on December 31, 2025.
- The underlying security for the derivative is common stock, with 15,570 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of transaction: Philip Gay acquired 15,570 Restricted Stock Units. |
| 09/06/2025 | Date exercisable for the Restricted Stock Units. |
| 12/31/2025 | Expiration date for the Restricted Stock Units. |
| 09/09/2024 | Date of signature for the Form 4 filing. |
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