MPAA executive exercises RSUs, receives new awards
Motorcar Parts of America Chief Manufacturing Officer Douglas Earl Schooner reported several equity compensation transactions.
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Form Type
4
Rhea-AI Filing Summary
Motorcar Parts of America Chief Manufacturing Officer Douglas Earl Schooner reported several equity compensation transactions. On June 20 and 21, 2026, he exercised restricted stock units into a total of 6,758 shares of common stock, bringing his direct holdings to 42,465 shares.
On June 19, 2026, he received 11,939 time-based RSUs that vest in thirds over three years and 11,939 performance-vesting RSUs. These performance units can vest through June 19, 2029 based on relative total shareholder return and share price hurdles of $16, $18, $19, $20, and $22.
Insider Trade Summary
6,758 shares exercised/converted
Exercise
6 txns
Insider
Schooner Douglas Earl
Role
Chief Manufacturing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,169 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,169 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,589 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,589 | $0.00 | $0.00 |
| Grant/Award | Performance-Vesting Restricted Stock Units | 11,939 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 11,939 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 23,286 contracts (Direct);
Performance-Vesting Restricted Stock Units — 11,939 contracts (Direct);
Common Stock — 42,465 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 exercised into common stock: 6,758 shares
Common shares held after June 21, 2026: 42,465 shares
Time-based RSU grant: 11,939 units
+3 more
6 metrics
RSUs exercised into common stock
6,758 shares
Total common shares acquired on June 20–21, 2026
Common shares held after June 21, 2026
42,465 shares
Direct holdings following RSU exercises
Time-based RSU grant
11,939 units
Granted June 19, 2026; vests 1/3 per year over 3 years
Performance-vesting RSU grant
11,939 units
Granted June 19, 2026; vesting measured through June 19, 2029
Exercise/conversion price for RSUs
$0.00 per unit
Applies to reported RSU and PSU awards
Share price performance hurdles
$16, $18, $19, $20, $22
PPS thresholds governing PSU vesting through June 19, 2029
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 with underlying 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
"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
"achieves a 30 trading-day trailing average market closing price ('PPS')"
change in control financial
"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 officer Douglas Schooner report?
Douglas Schooner reported exercising 6,758 restricted stock units into common stock and receiving 11,939 time-based RSUs plus 11,939 performance-vesting RSUs. All transactions relate to equity compensation, with no open-market share purchases or sales disclosed.
What are the key terms of Douglas Schooner’s new RSU grant at MPAA?
Schooner received 11,939 restricted stock units on June 19, 2026. These RSUs vest in three equal annual installments over three years starting from that grant date, provided continued service and other plan conditions are met, with a stated conversion price of $0.00 per unit.
How do the performance-vesting RSUs for MPAA’s Schooner work?
Schooner received 11,939 performance-vesting RSUs tied to Motorcar Parts of America’s relative total shareholder return and share price. Vesting is assessed through June 19, 2029, with hurdles at $16, $18, $19, $20, and $22, and varying vesting percentages based on achieved levels.
What performance benchmark index is used for Schooner’s MPAA PSUs?
Half of Schooner’s performance stock units vest based on total shareholder return relative to the Russell 3000. The comparison excludes real estate and financial institutions and companies with market capitalizations above $600 million, as specified in the award footnote.
Are Douglas Schooner’s recent MPAA equity awards time-based or performance-based?
He received both types. One grant of 11,939 restricted stock units vests over three years on a time-based schedule, while a separate 11,939 performance-vesting RSU grant depends on relative total shareholder return and specific share price thresholds measured through June 19, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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