Motorcar Parts of America (MPAA) CEO uses 26,472 shares to cover RSU tax withholding
Rhea-AI Filing Summary
Motorcar Parts of America disclosed that President, CEO & Chairman Selwyn Joffe had a total of 26,472 shares of common stock withheld on June 20 and 21, 2026, at $15.30 per share. The two non-derivative transactions (20,303 and 6,169 shares) were tax-withholding dispositions used to pay taxes on the vesting of RSUs.
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Insights
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Insider Trade Summary
Net Seller: 26,472 shares
Net Sell
2 txns
Insider
SELWYN JOFFE
Role
President, CEO & Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 6,169 | $15.30 | $94K |
| Tax Withholding | Common Stock F1 | 20,303 | $15.30 | $311K |
Holdings After Transaction:
Common Stock — 604,063 shares (Direct)
Footnotes (1)
- F1. Used to pay taxes on vesting of RSUs.
Key Figures
Shares withheld for taxes on 2026-06-20: 20,303 shares of Common Stock
Shares withheld for taxes on 2026-06-21: 6,169 shares of Common Stock
Total shares used for RSU tax withholding: 26,472 shares of Common Stock
+1 more
4 metrics
Shares withheld for taxes on 2026-06-20
20,303 shares of Common Stock
Non-derivative tax-withholding disposition at $15.30 per share to cover RSU vesting taxes
Shares withheld for taxes on 2026-06-21
6,169 shares of Common Stock
Non-derivative tax-withholding disposition at $15.30 per share to cover RSU vesting taxes
Total shares used for RSU tax withholding
26,472 shares of Common Stock
Sum of Form 4 code F transactions tied to RSU vesting tax obligations
Tax-withholding reference price
$15.30 per share
Price applied to both non-derivative common stock transactions on June 20–21, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, non-derivative
3 terms
Restricted Stock Units financial
"Used to pay taxes on vesting of RSUs."
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for Common Stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
non-derivative financial
"transaction_type is non-derivative for the Common Stock entries"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did MPAA report for Selwyn Joffe in this Form 4?
MPAA reported that Selwyn Joffe had 26,472 shares of common stock withheld on June 20–21, 2026 at $15.30 per share. These were tax-withholding dispositions to pay taxes due on the vesting of RSUs, not open-market sales.
Did the MPAA Form 4 indicate a Rule 10b5-1 trading plan for these transactions?
No. The filing’s Rule 10b5-1 plan checkbox is not marked as affirmative, and the footnote only states the shares were used to pay taxes on vesting of RSUs, with no reference to a pre-arranged trading plan.