MPAA CAO exercises RSUs, receives new share grants
Motorcar Parts of America Chief Accounting Officer Kamlesh Shah reported a series of equity compensation transactions.
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Form Type
4
Rhea-AI Filing Summary
Motorcar Parts of America Chief Accounting Officer Kamlesh Shah reported a series of equity compensation transactions. On June 20–21, 2026, Shah exercised restricted stock units to acquire a total of 6,671 shares of Common Stock, bringing direct holdings to 42,373 Common shares.
On June 19, 2026, Shah received 11,939 Restricted Stock Units that vest in three equal annual installments starting from that grant date, and 11,939 Performance-Vesting Restricted Stock Units. The performance units can vest through June 19, 2029 based on the company’s relative total shareholder return and achieving 30‑day average share-price hurdles of $16, $18, and up to $22.
Insider Trade Summary
6,671 shares exercised/converted
Exercise
6 txns
Insider
Shah Kamlesh
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,789 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,789 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,882 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,882 | $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 — 22,491 contracts (Direct);
Performance-Vesting Restricted Stock Units — 11,939 contracts (Direct);
Common Stock — 42,373 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
RSU exercises into Common Stock: 6,671 shares
Common Stock holdings: 42,373 shares
Time-vesting RSU grant: 11,939 units
+5 more
8 metrics
RSU exercises into Common Stock
6,671 shares
Total derivative exercises on June 20–21, 2026
Common Stock holdings
42,373 shares
Directly held after June 21, 2026 transactions
Time-vesting RSU grant
11,939 units
Granted June 19, 2026, vesting one-third per year
Performance-vesting RSU grant
11,939 units
Granted June 19, 2026 with TSR and price hurdles
ExerciseShares summary
6,671 shares
Reported derivative exercises in transaction summary
PPS performance hurdle
$16 share price
30-day average price condition for partial PSU vesting
Maximum PPS performance tier
$22 share price
Highest price level for up to 150% PSU vesting
Performance period end date
June 19, 2029
Final measurement date for TSR and PSU vesting
Key Terms
Restricted Stock Units, Performance-Vesting Restricted Stock Units, total shareholder return, Russell 3000, +1 more
5 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 total 11,939.0000"
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"
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.
change in control financial
"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’s Kamlesh Shah report on this Form 4?
Kamlesh Shah reported exercising restricted stock units to acquire 6,671 shares of Motorcar Parts of America Common Stock and receiving new grants of 11,939 time‑vesting RSUs plus 11,939 performance‑vesting RSUs, all at a stated price of $0.00 per unit.
What are the terms of Kamlesh Shah’s new time‑vesting RSUs at MPAA?
Shah received 11,939 Restricted Stock Units on June 19, 2026. These RSUs vest in one‑third increments each year over three years from the June 19, 2026 grant date, subject to continued service and the standard conditions described in the company’s grant documentation.
How do the performance‑vesting RSUs for MPAA’s Kamlesh Shah vest?
The 11,939 performance‑vesting RSUs can vest based on Motorcar Parts of America’s total shareholder return versus the Russell 3000 and on achieving 30‑day average share‑price levels of $16, $18, $19, $20, and $22 during a three‑year period ending no later than June 19, 2029.
Over what period are MPAA’s performance RSUs for Kamlesh Shah measured?
The performance‑vesting RSUs are measured over a three‑year period ending on the earlier of June 19, 2029 or the date a qualifying change in control occurs. Performance is assessed using relative total shareholder return and specified per‑share price thresholds during this measurement window.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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