Form 4: MPAA Executive Vests Performance Stock Units

Motorcar Parts of America's VP, General Counsel, and Secretary, Glenn Burlingame, acquired common stock through performance-based unit vesting and subsequently sold shares to cover tax obligations.

Summary

• Glenn Burlingame, VP, General Counsel, and Secretary of Motorcar Parts of America Inc. (MPAA), reported changes in beneficial ownership.
• On September 24, 2025, Mr. Burlingame acquired 2,588 shares of common stock through the vesting of performance-based stock units (PSUs).
• These PSUs vested because the company achieved a 30 trading-day trailing average market closing price of at least $15 per share, ending on September 24, 2025.
• Concurrently, 1,064 shares of common stock were disposed of at a price of $17.41 per share to cover tax obligations related to the PSU vesting.
• Following these transactions, Mr. Burlingame directly owns 1,524 shares of common stock and 5,176 performance-based stock units.

Sentiment

Score: 6

Explanation: The vesting of performance-based stock units is a positive indicator of the company meeting its pre-defined performance targets, specifically a market price threshold. The subsequent sale of shares for tax purposes is a routine event and does not significantly detract from the positive signal of the vesting.

Positives

• The vesting of 2,588 performance-based stock units indicates that Motorcar Parts of America Inc. met its performance target, specifically achieving a 30 trading-day trailing average market closing price of at least $15 per share.

Negatives

• The disposition of 1,064 shares of common stock, even for tax purposes, reduces the direct beneficial ownership of an executive.

Future Outlook

The remaining 5,176 performance-based stock units held by Glenn Burlingame have an expiration date of July 31, 2028, indicating potential future vesting events contingent on company performance or other conditions.

Industry Context

This routine insider transaction reflects executive compensation practices common across various industries, where performance-based incentives are tied to specific company metrics, such as stock price performance.

Stakeholder Impact

• Shareholders may view the vesting of performance-based stock units as a positive signal that the company is meeting its performance objectives, potentially aligning executive incentives with shareholder value.

Next Steps

• The remaining 5,176 performance-based stock units held by Glenn Burlingame are subject to their terms and conditions until their expiration date of July 31, 2028.

Key Dates

Keywords

Motorcar Parts of America, MPAA, Insider Transaction, Form 4, Stock Vesting, Performance Stock Units, Executive Compensation