Motorcar Parts VP receives RSU and PSU grants
Motorcar Parts of America VP, General Counsel & Secretary Glenn Daniel Burlingame acquired shares through equity compensation events, not open-market trades.
Rhea-AI Filing Summary
Motorcar Parts of America VP, General Counsel & Secretary Glenn Daniel Burlingame acquired shares through equity compensation events, not open-market trades. On June 20, 2026, 5,176 Restricted Stock Units (RSUs) vested and were converted into Common Stock, leaving him with 6,700 Common shares held directly.
Following this vesting, he held 10,352 RSUs outstanding. On June 19, 2026, he received a grant of 13,465 time-based RSUs that vest one-third each year over three years starting June 19, 2026. He also received 13,465 performance-vesting RSUs that may vest by June 19, 2029 based on the company’s total shareholder return versus the Russell 3000 and share-price hurdles at $16, $18, and between $19 and $22.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,176 shares exercised/converted
Exercise
4 txns
Insider
Burlingame Glenn Daniel
Role
VP, General Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,176 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,176 | $0.00 | $0.00 |
| Grant/Award | Performance-Vesting Restricted Stock Units | 13,465 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 13,465 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 23,817 contracts (Direct);
Performance-Vesting Restricted Stock Units — 13,465 contracts (Direct);
Common Stock — 6,700 shares (Direct)
Footnotes (3)
- F1. Shares earned upon vesting of RSUs
- F2. Vesting 1/3 each year for 3 years from grant date of June 19, 2026.
- F3. 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 vested into Common Stock: 5,176 shares
Common shares held after vesting: 6,700 shares
RSUs outstanding after vesting: 10,352 units
+5 more
8 metrics
RSUs vested into Common Stock
5,176 shares
RSUs converted to Common Stock on June 20, 2026
Common shares held after vesting
6,700 shares
Direct Common Stock holdings after June 20, 2026 transaction
RSUs outstanding after vesting
10,352 units
Restricted Stock Units remaining after June 20, 2026 exercise
New time-based RSU grant
13,465 units
Grant on June 19, 2026, vesting one-third each year for 3 years
New performance-vesting RSU grant
13,465 units
Performance-vesting RSUs granted June 19, 2026 with 2029 targets
Performance vesting TSR date
June 19, 2029
Total shareholder return vs Russell 3000 measured on this date
Share-price hurdle level 1
$16 PPS
30-day trailing average price target for partial PSU vesting
Top share-price hurdle range
$19–$22 PPS
Price range determining 50%–150% vesting for final PSU tranche
Key Terms
Restricted Stock Units, Performance-Vesting Restricted Stock Units, total shareholder return, Russell 3000, +2 more
6 terms
Restricted Stock Units financial
"Shares earned upon 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.
Performance-Vesting Restricted Stock Units financial
"Performance-Vesting Restricted Stock Units granted with 13,465 underlying shares"
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
"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.
trading-day trailing average market closing price financial
"30 trading-day trailing average market closing price ('PPS') of at least $16"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MPAA executive Glenn Daniel Burlingame report?
Glenn Daniel Burlingame reported only equity compensation acquisitions. RSUs vested into 5,176 Common shares and he received new grants of 13,465 time-based RSUs and 13,465 performance-vesting RSUs, with no open-market purchases or sales disclosed.
What is the vesting schedule for the new RSU awards reported by MPAA?
The new time-based RSUs vest one-third each year over three years. Vesting starts from the grant date of June 19, 2026, providing annual equity-based compensation that aligns the executive’s interest with longer-term company performance during the three-year vesting period.
How do the performance-vesting RSUs for MPAA’s Burlingame work?
The performance-vesting RSUs depend on total shareholder return and share-price targets. Vesting is tied to relative performance versus the Russell 3000 through June 19, 2029, and to achieving 30-day average share prices of $16, $18, and $19–$22 during a defined three-year period.
Does this MPAA Form 4 show any insider selling by Burlingame?
No insider selling is reported in this Form 4. All transactions reflect vesting of existing RSUs into 5,176 Common shares and new grants of time-based and performance-vesting RSUs, without any open-market sales or dispositions of Motorcar Parts of America stock.
What performance period applies to MPAA’s performance-vesting RSUs granted to Burlingame?
The key measurement date for performance is June 19, 2029. Total shareholder return is assessed relative to the Russell 3000, and price-based hurdles must be reached during a three-year period ending on the earlier of June 19, 2029 or a qualifying change in control.
AI-generated analysis. How Rhea-AI works. Not financial advice.
