MPAA CFO Gets Performance-Based Stock Package Tied to Share Price Goals
Rhea-AI Filing Summary
David Lee, CFO of Motorcar Parts of America (MPAA), reported multiple transactions on June 20-21, 2025:
Key Transaction Details:
- Acquired 8,737 shares through vesting of RSUs and PSUs on June 20
- Disposed of 4,579 shares at $9.76 for tax obligations
- Acquired 5,576 shares through RSU vesting on June 21
- Disposed of 2,931 shares at $9.76 for tax obligations
- Received new grants: 32,712 RSUs vesting over 3 years and 16,356 PSUs with performance targets
The PSUs have performance conditions tied to stock price targets: $15, $17, and $18-22 per share over a three-year period ending June 2028. Following all transactions, Lee directly owns 54,923 shares. The new equity grants demonstrate long-term retention strategy and align executive compensation with shareholder value creation.
Positive
- CFO David Lee received significant new equity grants: 32,712 RSUs and 16,356 performance-based stock units with ambitious price targets up to $22/share
- Performance-based stock units (PSUs) have clear value-creation targets, with vesting tied to share price achievements of $15, $17, and $18-22, aligning management incentives with shareholder interests
Negative
- None.
Insider Trade Summary
Net Buyer: 6,803 shares
Net Buy
9 txns
Insider
Lee David Sung
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,576 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,576 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,931 | $9.76 | $29K |
| Exercise | Restricted Stock Units | 4,159 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 32,712 | $0.00 | $0.00 |
| Grant/Award | Performance Based Stock Units | 16,356 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,159 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,578 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,579 | $9.76 | $45K |
Holdings After Transaction:
Restricted Stock Units — 50,492 shares (Direct);
Performance Based Stock Units — 16,356 shares (Direct);
Common Stock — 54,923 shares (Direct)
Footnotes (7)
- F1. Shares earned upon vesting of RSUs
- F2. Shares earned under the performance based stock units granted on 20-Jun-2022
- F3. Used to pay taxes upon vesting of RSUs and PSUs.
- F4. Vesting 1/3 each year for 3 years from grant date, beginning on 20-Jun-2022
- F5. Vesting 1/3 each year for 3 years from grant date, beginning on 20-Jun-2025
- F6. 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).
- F7. Vesting 1/3 each year for 3 years from grant date. beginning on 21-Jun-2024
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did MPAA's CFO David Lee report on June 28, 2025?
On June 20-21, 2025, CFO David Lee had multiple transactions: He acquired 4,159 shares from vested RSUs and 4,578 shares from PSUs on June 20. He then sold 4,579 shares at $9.76 for tax purposes. On June 21, he acquired 5,576 shares from RSUs and sold 2,931 shares at $9.76 for taxes. After these transactions, Lee owned 54,923 shares directly.
How many new RSUs and PSUs were granted to MPAA's CFO in June 2025?
On June 20, 2025, CFO David Lee was granted 32,712 new Restricted Stock Units (RSUs) that vest over 3 years through December 31, 2028, and 16,356 new Performance Based Stock Units (PSUs) that vest based on stock price targets through July 31, 2028.
What are the stock price targets for MPAA's new PSU grants to the CFO?
The PSUs vest in three tranches based on MPAA's 30-day average stock price: 1/3 vests at $15 per share, 1/3 at $17 per share, and 1/3 at $18-22 per share (with 50% vesting at $18, 100% at $20, and 150% at $22 or higher, with interpolation between these levels). These targets must be achieved by June 20, 2028.