Motorcar Parts of America Sets Ambitious $22 Stock Target in Executive Compensation Plan
Rhea-AI Filing Summary
Douglas Earl Schooner, Chief Manufacturing Officer of Motorcar Parts of America (MPAA), reported multiple insider transactions on June 20-21, 2025:
- Acquired 3,317 shares through vesting of RSUs and performance-based stock units
- Disposed of 2,255 shares for tax obligations at $9.76 per share
- Received new grants: 13,768 RSUs vesting over 3 years and 6,884 performance-based stock units tied to stock price targets ($15-$22)
- Following transactions, directly owns 28,956 shares
Notable performance conditions for new PSUs include three tiers: 1/3 vesting at $15 stock price, 1/3 at $17, and 1/3 at $18-22 with potential 150% payout. RSUs vest equally over three years. These equity awards align executive compensation with shareholder value through 2028.
Positive
- Chief Manufacturing Officer received significant new equity grants: 13,768 RSUs and 6,884 PSUs with performance targets tied to stock price appreciation ($15-$22 range)
- Performance-based stock units (PSUs) have ambitious stock price targets up to $22/share, indicating management's confidence in future growth potential
Negative
- None.
Insider Trade Summary
Net Buyer: 3,230 shares
Net Buy
9 txns
Insider
Schooner Douglas Earl
Role
Chief Manufacturing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,168 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,168 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 891 | $9.76 | $9K |
| Exercise | Restricted Stock Units | 1,579 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 13,768 | $0.00 | $0.00 |
| Grant/Award | Performance Based Stock Units | 6,884 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,579 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,738 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,364 | $9.76 | $13K |
Holdings After Transaction:
Restricted Stock Units — 18,105 shares (Direct);
Performance Based Stock Units — 6,884 shares (Direct);
Common Stock — 28,956 shares (Direct)
Footnotes (7)
- F1. Shares earned upon vesting of RSUs
- F2. Shares earned under the performance based stock units granted on 20-Jun-2022
- F3. Used to pay taxes upon vesting of RSUs and PSUs.
- F4. Vesting 1/3 each year for 3 years from grant date, beginning on 20-Jun-2022
- F5. Vesting 1/3 each year for 3 years from grant date, beginning on 20-Jun-2025
- F6. One-third of these Performance Based Stock Units ('PSUs') will vest if the Company achieves a 30 trading-day trailing average market closing price ('Price Per Share') of at least $15 during the three-year period ending on the earlier of 20-Jun-2028 and the date of consummation of a change in control (the 'Performance Period'); another one-third of these PSUs will vest if the Company achieves a Price Per Share during the Performance Period of at least $17 during the Performance Period; and the remaining one-third of these PSUs will vest if the Price Per Share is equal to or greater than $18 as follows: 50% if the Price Per Share equals $18, 100% if the Price Per Share equals $20 and 150% if the Price Per Share equals or exceeds $22 (if the Price Per Share falls between these levels the vesting percentage will be determined using interpolation).
- F7. Vesting 1/3 each year for 3 years from grant date. beginning on 21-Jun-2024
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did MPAA's Chief Manufacturing Officer Douglas Schooner report on June 28, 2025?
On June 20-21, 2025, Douglas Schooner had several transactions: He acquired 1,579 and 1,738 shares through vesting RSUs and PSUs, disposed of 1,364 shares for tax purposes at $9.76, received 2,168 shares from RSUs, and disposed of another 891 shares at $9.76 for taxes. He was also granted 13,768 new RSUs and 6,884 performance-based stock units.
What are the vesting conditions for MPAA's new Performance Based Stock Units granted to Schooner?
The PSUs vest in three tranches based on stock price targets: 1/3 vests at $15 share price, 1/3 at $17, and 1/3 at $18-22 (with 50% vesting at $18, 100% at $20, and 150% at $22 or higher). These targets must be achieved during the three-year performance period ending June 20, 2028.
What is the vesting schedule for MPAA's new Restricted Stock Units granted to Schooner?
The 13,768 new RSUs granted on June 20, 2025, will vest in three equal annual installments over three years, with vesting beginning on June 20, 2025, and continuing through December 31, 2028.