Motorcar Parts (NASDAQ: MPAA) SVP details RSU and performance unit grants
Rhea-AI Filing Summary
Motorcar Parts of America SVP Jamie Leigh Cook reports multiple equity awards in the form of restricted stock units (RSUs) and performance-vesting RSUs tied to common stock. One RSU grant covers 14,004 underlying shares expiring on 19-Jun-2029, and another performance-vesting RSU grant also covers 14,004 underlying shares with the same expiration date.
Additional RSU awards cover 4,337 underlying shares expiring on 31-Dec-2027 and 16,149 underlying shares expiring on 31-Dec-2028. A key performance-vesting grant is linked to total shareholder return versus the Russell 3000 and to stock price hurdles of $16, $18 and between $19 and $22 over a three-year period ending 19-Jun-2029 or earlier upon a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Cook Jamie Leigh
Role
SVP, Sales, Merch. & Mktg.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance-Vesting Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 34,490 shares (Direct);
Performance-Vesting Restricted Stock Units — 14,004 shares (Direct)
Footnotes (2)
- F1. Vesting 1/3 each year for 3 years from grant date.
- F2. One-half of these PSUs will vest if the Company achieves a total shareholder return relative to the Russell 3000 (excluding real estate and financial institutions and companies with a market capitalization of more than $600 million) measured on 19-Jun-2029. Another one-sixth of these PSUs will vest if the Company achieves a 30 trading-day trailing average market closing price ('PPS') of at least $16 during the three-year period ending on the earlier of 19-Jun-2029 and the date of consummation of a change in control (the 'Period'); another one-sixth of these PSUs will vest if the Company achieves a PPS during the Period of at least $18 during the Period; and the remaining one-sixth of these PSUs will vest if the PPS is equal to or greater than $19 as follows: 50% if the PPS equals $19, 100% if the PPS equals $20 and 150% if the PPS equals or exceeds $22 (if the PPS falls between these levels the vesting percentage will be determined using interpolation).
Key Figures
RSUs expiring 2029: 14,004 underlying shares
Performance RSUs expiring 2029: 14,004 underlying shares
RSUs expiring 2027: 4,337 underlying shares
+5 more
8 metrics
RSUs expiring 2029
14,004 underlying shares
Restricted Stock Units expiring 19-Jun-2029
Performance RSUs expiring 2029
14,004 underlying shares
Performance-Vesting RSUs expiring 19-Jun-2029
RSUs expiring 2027
4,337 underlying shares
Restricted Stock Units expiring 31-Dec-2027
RSUs expiring 2028
16,149 underlying shares
Restricted Stock Units expiring 31-Dec-2028
TSR performance condition
Relative to Russell 3000
Half of PSUs vest based on total shareholder return vs index
First PPS target
$16 per share
One-sixth of PSUs vest if PPS reaches at least $16
Second PPS target
$18 per share
One-sixth of PSUs vest if PPS reaches at least $18
Top PPS range
$19–$22 per share
Remaining PSUs vest 50–150% depending on PPS between $19 and $22
Key Terms
Restricted Stock Units, Performance-Vesting Restricted Stock Units, total shareholder return, Russell 3000, +1 more
5 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units; underlying_security_title: Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance-Vesting Restricted Stock Units financial
"security_title: Performance-Vesting Restricted Stock Units; underlying_security_title: Common Stock"
Performance-vesting restricted stock units are a form of employee pay where future company shares are granted only if the business meets specific targets, such as revenue, profit, or stock-price goals. Think of them as a bonus you earn only when certain milestones are hit; for investors they matter because they can increase the number of shares outstanding if goals are met and they reveal how management is being motivated to hit particular financial or operational objectives.
Russell 3000 financial
"total shareholder return relative to the Russell 3000 (excluding real estate and financial institutions...)"
A broad stock-market index made up of the roughly 3,000 largest publicly traded U.S. companies, ranked by their total market value. It serves as a wide “basket” of American stocks that reflects the overall performance of the U.S. equity market, so investors use it as a benchmark or to gain broad exposure through index funds and ETFs—similar to watching an economy-sized shopping cart to judge how an entire store is doing.
change in control financial
"three-year period ending on the earlier of 19-Jun-2029 and the date of consummation of a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity awards does MPAA executive Jamie Leigh Cook hold?
Jamie Leigh Cook holds several restricted stock unit grants tied to Motorcar Parts of America common stock, including awards over 14,004, 4,337 and 16,149 underlying shares with expiration dates between 2027 and 2029, reflecting her long-term equity-based compensation structure.
How do the performance-vesting RSUs for MPAA’s Jamie Leigh Cook work?
Cook’s performance-vesting RSUs cover 14,004 underlying shares and vest based on total shareholder return versus the Russell 3000 and specific per-share price hurdles of $16, $18 and $19–$22 measured over a three-year period ending 19-Jun-2029 or upon change in control.
Over what period are Jamie Leigh Cook’s MPAA performance units measured?
The performance units are assessed over a three-year Period ending on 19-Jun-2029, or earlier if a change in control occurs. During this window, total shareholder return and specific stock price targets determine how many of the performance-vesting RSUs ultimately vest.