Form 4: MPAA Chief Accounting Officer's Equity Transactions
Insider Transaction Report
Motorcar Parts of America's Chief Accounting Officer, Kamlesh Shah, acquired shares through performance-based stock unit vesting and sold a portion for tax obligations.
Summary
- Kamlesh Shah, Chief Accounting Officer of Motorcar Parts of America Inc. (MPAA), reported changes in beneficial ownership.
- On September 24, 2025, Shah acquired 8,710 shares of Common Stock from performance-based stock units (PSUs) granted on June 19, 2023.
- An additional 1,941 shares of Common Stock were acquired on September 24, 2025, from PSUs granted on June 20, 2025.
- The PSUs vested because the company achieved a 30 trading-day trailing average market closing price of at least $15 per share for the period ending September 24, 2025.
- Shah disposed of 3,812 shares of Common Stock at a price of $17.41 per share to cover tax obligations upon the vesting of the PSUs.
- Following these transactions, Shah's direct beneficial ownership of Common Stock stands at 34,509 shares.
Sentiment
Score: 7
Explanation: The vesting of performance-based stock units is a positive indicator of the company's stock performance meeting pre-defined targets, despite a routine sale for tax purposes.
Positives
- The vesting of performance-based stock units indicates that Motorcar Parts of America met its stock price performance target of at least $15 per share over a 30 trading-day period.
- The acquisition of 10,651 shares (8,710 + 1,941) through PSU vesting demonstrates management's continued equity stake in the company.
Negatives
- A disposition of 3,812 shares occurred to satisfy tax liabilities, reducing the direct beneficial ownership of the Chief Accounting Officer.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Industry Context
NA
Stakeholder Impact
- Shareholders may view the vesting of performance-based units as a positive sign of management's alignment with shareholder interests and the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 2023-06-19 | Grant date for a tranche of performance-based stock units (PSUs). |
| 2025-06-20 | Grant date for another tranche of performance-based stock units (PSUs). |
| 2025-09-24 | Date of earliest transaction, vesting of PSUs, and disposition of shares for tax purposes. Also, the end date for the 30 trading-day period for PSU vesting condition. |
| 2025-09-26 | Signature date of the reporting person. |
| 2026-06-30 | Expiration date for 8,710 performance-based stock units. |
| 2028-07-31 | Expiration date for 1,941 performance-based stock units. |
Keywords
MPAA, Motorcar Parts of America, Kamlesh Shah, Form 4, Insider Transaction, Equity Compensation, Performance Stock Units, PSU Vesting, Stock Ownership
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.