Form 4: Motorcar Parts of America Executive Exercises Performance-Based Stock Units
SEC Form 4
Juliet Lynn Stone, VP, Gen Counsel and Secretary of Motorcar Parts of America, Inc., reports the exercise of performance-based stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On March 24, 2025, Juliet Lynn Stone, VP, Gen Counsel and Secretary of Motorcar Parts of America, Inc. (MPAA), exercised 11,614 performance-based stock units.
- These units were granted on June 19, 2023, and vested based on the company's stock price reaching certain thresholds.
- Following the exercise, Stone disposed of 4,772 shares to cover tax obligations at a price of $10.58 per share.
- After these transactions, Stone directly owns 17,883 shares of common stock and 23,229 performance-based stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into executive compensation structures within Motorcar Parts of America.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares from the option exercise and the subsequent sale of shares on the open market.
Key Dates
| Date | Description |
|---|---|
| 06/19/2023 | Date of grant for the performance based units. |
| 03/24/2025 | Date of transaction: exercise of performance-based stock units and disposition of shares. |
| 03/26/2025 | Date of signature on the Form 4. |
| 06/30/2026 | Expiration date of the Performance Based Stock Units. |
Keywords
Form 4, MPAA, Motorcar Parts of America, Stock Options, Insider Trading, Beneficial Ownership, Juliet Lynn Stone, Performance Based Stock Unit
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