STOCK TITAN

[Form 4] Motorcar Parts of America, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Motorcar Parts of America VP, General Counsel & Secretary Glenn Daniel Burlingame received new equity awards on June 20, 2025. The grants include:

  • 15,528 Restricted Stock Units (RSUs) vesting in three equal annual installments through June 2028
  • 7,764 Performance Stock Units (PSUs) with tiered vesting based on stock price targets: - 1/3 vests at $15 share price - 1/3 vests at $17 share price - 1/3 vests at $18-22 share price with additional upside potential

The PSUs must achieve price targets during a three-year performance period ending June 20, 2028, or earlier upon a change in control. The final PSU tranche offers up to 150% payout if share price reaches $22, with proportional vesting between $18-22. These awards align executive compensation with shareholder value creation through stock price appreciation targets.

Glenn Daniel Burlingame, Vicepresidente, Consigliere Generale e Segretario di Motorcar Parts of America, ha ricevuto nuovi premi azionari il 20 giugno 2025. Le assegnazioni comprendono:

  • 15.528 Unità Azionarie Vincolate (RSU) che maturano in tre rate annuali uguali fino a giugno 2028
  • 7.764 Unità Azionarie di Performance (PSU) con maturazione scalare basata su obiettivi di prezzo azionario:
    • 1/3 matura a un prezzo di 15$ per azione
    • 1/3 matura a un prezzo di 17$ per azione
    • 1/3 matura a un prezzo tra 18$ e 22$ con potenziale di crescita aggiuntivo

Le PSU devono raggiungere gli obiettivi di prezzo entro un periodo di performance di tre anni che termina il 20 giugno 2028, o prima in caso di cambio di controllo. L'ultima tranche di PSU offre un pagamento fino al 150% se il prezzo delle azioni raggiunge i 22$, con maturazione proporzionale tra 18$ e 22$. Questi premi allineano la remunerazione degli executive alla creazione di valore per gli azionisti attraverso obiettivi di apprezzamento del prezzo delle azioni.

Glenn Daniel Burlingame, Vicepresidente, Consejero General y Secretario de Motorcar Parts of America, recibió nuevas asignaciones de acciones el 20 de junio de 2025. Las concesiones incluyen:

  • 15,528 Unidades de Acciones Restringidas (RSU) que se consolidan en tres cuotas anuales iguales hasta junio de 2028
  • 7,764 Unidades de Acciones por Desempeño (PSU) con consolidación escalonada basada en objetivos de precio de la acción:
    • 1/3 se consolida a un precio de acción de $15
    • 1/3 se consolida a un precio de acción de $17
    • 1/3 se consolida a un precio entre $18 y $22 con potencial adicional de crecimiento

Las PSU deben alcanzar los objetivos de precio durante un período de desempeño de tres años que finaliza el 20 de junio de 2028, o antes en caso de un cambio de control. La última serie de PSU ofrece un pago de hasta el 150% si el precio de la acción alcanza los $22, con consolidación proporcional entre $18 y $22. Estas concesiones alinean la compensación ejecutiva con la creación de valor para los accionistas mediante objetivos de apreciación del precio de la acción.

Motorcar Parts of America의 부사장, 법무담당 총괄 및 비서인 글렌 다니엘 벌링게임이 2025년 6월 20일 새로운 주식 보상을 받았습니다. 보상 내역은 다음과 같습니다:

  • 15,528 제한 주식 단위(RSUs)가 2028년 6월까지 3년에 걸쳐 매년 동일하게 분할하여 취득
  • 7,764 성과 주식 단위(PSUs)는 주가 목표에 따른 단계별 취득:
    • 주가 $15 도달 시 1/3 취득
    • 주가 $17 도달 시 1/3 취득
    • 주가 $18~22 도달 시 1/3 취득, 추가 상승 가능성 포함

PSU는 3년간의 성과 기간(2028년 6월 20일 종료) 내에 주가 목표를 달성해야 하며, 인수합병 시 조기 취득이 가능합니다. 마지막 PSU 트랜치는 주가가 $22에 도달하면 최대 150% 지급되며, $18~22 사이에서는 비례 취득됩니다. 이 보상은 주가 상승 목표를 통해 경영진 보상을 주주 가치 창출과 연계하는 것입니다.

Glenn Daniel Burlingame, vice-président, conseiller juridique général et secrétaire de Motorcar Parts of America, a reçu de nouvelles attributions d’actions le 20 juin 2025. Les attributions comprennent :

  • 15 528 unités d’actions restreintes (RSU) acquises en trois versements annuels égaux jusqu’en juin 2028
  • 7 764 unités d’actions de performance (PSU) avec acquisition échelonnée basée sur des objectifs de cours de l’action :
    • 1/3 acquis à un cours de 15 $
    • 1/3 acquis à un cours de 17 $
    • 1/3 acquis à un cours entre 18 $ et 22 $ avec un potentiel de hausse supplémentaire

Les PSU doivent atteindre les objectifs de cours pendant une période de performance de trois ans se terminant le 20 juin 2028, ou plus tôt en cas de changement de contrôle. La dernière tranche de PSU offre un paiement pouvant atteindre 150 % si le cours atteint 22 $, avec une acquisition proportionnelle entre 18 $ et 22 $. Ces attributions alignent la rémunération des dirigeants sur la création de valeur pour les actionnaires via des objectifs d’appréciation du cours de l’action.

Glenn Daniel Burlingame, Vizepräsident, General Counsel und Sekretär von Motorcar Parts of America, erhielt am 20. Juni 2025 neue Aktienzuteilungen. Die Gewährungen umfassen:

  • 15.528 Restricted Stock Units (RSUs), die in drei gleichen jährlichen Raten bis Juni 2028 vesten
  • 7.764 Performance Stock Units (PSUs) mit gestaffeltem Vesting basierend auf Aktienkurszielen:
    • 1/3 vestet bei einem Kurs von 15$
    • 1/3 vestet bei einem Kurs von 17$
    • 1/3 vestet bei einem Kurs zwischen 18$ und 22$ mit zusätzlichem Aufwärtspotenzial

Die PSUs müssen die Kursziele innerhalb eines dreijährigen Leistungszeitraums bis zum 20. Juni 2028 erreichen oder früher bei einem Kontrollwechsel. Die letzte PSU-Tranche bietet eine Auszahlung von bis zu 150%, wenn der Aktienkurs 22$ erreicht, mit proportionalem Vesting zwischen 18$ und 22$. Diese Awards verbinden die Vergütung der Führungskräfte mit der Wertschöpfung für die Aktionäre durch Kurssteigerungsziele.

Positive
  • VP & General Counsel received significant equity incentive grant of 15,528 RSUs vesting over 3 years, aligning long-term interests with shareholders
  • Additional performance-based stock units (7,764 PSUs) granted with ambitious share price targets ($15-$22), incentivizing strong stock performance through 2028
Negative
  • None.

Glenn Daniel Burlingame, Vicepresidente, Consigliere Generale e Segretario di Motorcar Parts of America, ha ricevuto nuovi premi azionari il 20 giugno 2025. Le assegnazioni comprendono:

  • 15.528 Unità Azionarie Vincolate (RSU) che maturano in tre rate annuali uguali fino a giugno 2028
  • 7.764 Unità Azionarie di Performance (PSU) con maturazione scalare basata su obiettivi di prezzo azionario:
    • 1/3 matura a un prezzo di 15$ per azione
    • 1/3 matura a un prezzo di 17$ per azione
    • 1/3 matura a un prezzo tra 18$ e 22$ con potenziale di crescita aggiuntivo

Le PSU devono raggiungere gli obiettivi di prezzo entro un periodo di performance di tre anni che termina il 20 giugno 2028, o prima in caso di cambio di controllo. L'ultima tranche di PSU offre un pagamento fino al 150% se il prezzo delle azioni raggiunge i 22$, con maturazione proporzionale tra 18$ e 22$. Questi premi allineano la remunerazione degli executive alla creazione di valore per gli azionisti attraverso obiettivi di apprezzamento del prezzo delle azioni.

Glenn Daniel Burlingame, Vicepresidente, Consejero General y Secretario de Motorcar Parts of America, recibió nuevas asignaciones de acciones el 20 de junio de 2025. Las concesiones incluyen:

  • 15,528 Unidades de Acciones Restringidas (RSU) que se consolidan en tres cuotas anuales iguales hasta junio de 2028
  • 7,764 Unidades de Acciones por Desempeño (PSU) con consolidación escalonada basada en objetivos de precio de la acción:
    • 1/3 se consolida a un precio de acción de $15
    • 1/3 se consolida a un precio de acción de $17
    • 1/3 se consolida a un precio entre $18 y $22 con potencial adicional de crecimiento

Las PSU deben alcanzar los objetivos de precio durante un período de desempeño de tres años que finaliza el 20 de junio de 2028, o antes en caso de un cambio de control. La última serie de PSU ofrece un pago de hasta el 150% si el precio de la acción alcanza los $22, con consolidación proporcional entre $18 y $22. Estas concesiones alinean la compensación ejecutiva con la creación de valor para los accionistas mediante objetivos de apreciación del precio de la acción.

Motorcar Parts of America의 부사장, 법무담당 총괄 및 비서인 글렌 다니엘 벌링게임이 2025년 6월 20일 새로운 주식 보상을 받았습니다. 보상 내역은 다음과 같습니다:

  • 15,528 제한 주식 단위(RSUs)가 2028년 6월까지 3년에 걸쳐 매년 동일하게 분할하여 취득
  • 7,764 성과 주식 단위(PSUs)는 주가 목표에 따른 단계별 취득:
    • 주가 $15 도달 시 1/3 취득
    • 주가 $17 도달 시 1/3 취득
    • 주가 $18~22 도달 시 1/3 취득, 추가 상승 가능성 포함

PSU는 3년간의 성과 기간(2028년 6월 20일 종료) 내에 주가 목표를 달성해야 하며, 인수합병 시 조기 취득이 가능합니다. 마지막 PSU 트랜치는 주가가 $22에 도달하면 최대 150% 지급되며, $18~22 사이에서는 비례 취득됩니다. 이 보상은 주가 상승 목표를 통해 경영진 보상을 주주 가치 창출과 연계하는 것입니다.

Glenn Daniel Burlingame, vice-président, conseiller juridique général et secrétaire de Motorcar Parts of America, a reçu de nouvelles attributions d’actions le 20 juin 2025. Les attributions comprennent :

  • 15 528 unités d’actions restreintes (RSU) acquises en trois versements annuels égaux jusqu’en juin 2028
  • 7 764 unités d’actions de performance (PSU) avec acquisition échelonnée basée sur des objectifs de cours de l’action :
    • 1/3 acquis à un cours de 15 $
    • 1/3 acquis à un cours de 17 $
    • 1/3 acquis à un cours entre 18 $ et 22 $ avec un potentiel de hausse supplémentaire

Les PSU doivent atteindre les objectifs de cours pendant une période de performance de trois ans se terminant le 20 juin 2028, ou plus tôt en cas de changement de contrôle. La dernière tranche de PSU offre un paiement pouvant atteindre 150 % si le cours atteint 22 $, avec une acquisition proportionnelle entre 18 $ et 22 $. Ces attributions alignent la rémunération des dirigeants sur la création de valeur pour les actionnaires via des objectifs d’appréciation du cours de l’action.

Glenn Daniel Burlingame, Vizepräsident, General Counsel und Sekretär von Motorcar Parts of America, erhielt am 20. Juni 2025 neue Aktienzuteilungen. Die Gewährungen umfassen:

  • 15.528 Restricted Stock Units (RSUs), die in drei gleichen jährlichen Raten bis Juni 2028 vesten
  • 7.764 Performance Stock Units (PSUs) mit gestaffeltem Vesting basierend auf Aktienkurszielen:
    • 1/3 vestet bei einem Kurs von 15$
    • 1/3 vestet bei einem Kurs von 17$
    • 1/3 vestet bei einem Kurs zwischen 18$ und 22$ mit zusätzlichem Aufwärtspotenzial

Die PSUs müssen die Kursziele innerhalb eines dreijährigen Leistungszeitraums bis zum 20. Juni 2028 erreichen oder früher bei einem Kontrollwechsel. Die letzte PSU-Tranche bietet eine Auszahlung von bis zu 150%, wenn der Aktienkurs 22$ erreicht, mit proportionalem Vesting zwischen 18$ und 22$. Diese Awards verbinden die Vergütung der Führungskräfte mit der Wertschöpfung für die Aktionäre durch Kurssteigerungsziele.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Burlingame Glenn Daniel

(Last) (First) (Middle)
2929 CLAIFORNIA STREET

(Street)
TORRANCE CA 90503

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MOTORCAR PARTS OF AMERICA INC [ MPAA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, General Counsel & Sec.
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $0.00 06/20/2025 A 15,528 (1) 12/31/2028 Common Stock 15,528 $0.00 15,528 D
Performance Based Stock Units $0.00 06/20/2025 A 7,764 (2) 07/31/2028 Common Stock 7,764 $0.00 7,764 D
Explanation of Responses:
1. Vesting 1/3 each year for 3 years from grant date. beginning on 20-Jun-2025.
2. 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).
Remarks:
/s/ Glenn Burlingame 06/25/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Restricted Stock Units (RSUs) did MPAA's VP and General Counsel Glenn Burlingame receive on June 20, 2025?

Glenn Burlingame received 15,528 Restricted Stock Units (RSUs) on June 20, 2025. These RSUs will vest over a 3-year period, with 1/3 vesting each year starting from the grant date.

What are the performance targets for MPAA's Performance Based Stock Units (PSUs) granted in June 2025?

The PSUs have three performance tiers: 1/3 vest at $15 stock 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 performance period ending June 20, 2028, based on 30-day trailing average closing prices.

When do MPAA's new RSUs and PSUs granted to Glenn Burlingame expire?

The Restricted Stock Units (RSUs) expire on December 31, 2028, while the Performance Based Stock Units (PSUs) have a performance period ending July 31, 2028.

How many total equity awards did MPAA grant to Glenn Burlingame in June 2025?

MPAA granted Glenn Burlingame a total of 23,292 equity awards on June 20, 2025, consisting of 15,528 Restricted Stock Units (RSUs) and 7,764 Performance Based Stock Units (PSUs).
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Auto Parts
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