CarParts.com (PRTS) COO gains common shares through RSU vesting
Rhea-AI Filing Summary
CarParts.com, Inc. Chief Operating Officer Michael Huffaker reported share acquisitions tied to vesting of restricted stock units (RSUs). On January 16, 2026, 43,630 RSUs converted into an equal number of common shares at $0 per share, increasing his direct common stock holdings to 447,314 shares. On the same date, another 18,750 RSUs converted into 18,750 common shares at $0 per share, bringing his direct common stock ownership to 466,064 shares.
The RSUs were granted on January 16, 2024 under the CarParts.com, Inc. 2016 Equity Incentive Plan. For one grant, one‑third of the shares vested on January 16, 2026, with the remaining portion scheduled to vest on the next and final anniversary, subject to continued service. For the other grant, 50% vested on January 16, 2025 and the balance vested in equal quarterly installments through the final vesting on January 16, 2026.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 43,630 | $0.00 | -- |
| Exercise | Restricted Stock Units | 18,750 | $0.00 | -- |
| Exercise | Common Stock | 43,630 | $0.00 | -- |
| Exercise | Common Stock | 18,750 | $0.00 | -- |
Footnotes (1)
- The Restricted Stock Units (RSU) were granted to the Reporting Person on January 16, 2024 pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan. Thirty-three and a third percent of the shares of stock subject to the RSU vested on January 16, 2026, the second anniversary of the grant date, and the remainder of the shares subject to the RSU will vest on the next, and thus last, anniversary of the grant date, subject to such Reporting Person's service to the Company through such date. The Restricted Stock Units (RSUs) were granted to the Reporting Person on January 16, 2024 pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan. Fifty percent of the RSUs vested on the first anniversary of the grant date on January 16, 2025, and the remainder of the RSUs vested in equal installments each quarter thereafter, including herein on January 16, 2026, the second anniversary of the grant date and final vesting. Not applicable.
FAQ
What insider transaction did CarParts.com (PRTS) report for its COO?
CarParts.com reported that Chief Operating Officer Michael Huffaker had restricted stock units (RSUs) vest and convert into common stock on January 16, 2026. The transactions reflect equity awards settling into shares rather than an open‑market purchase or sale.
What are the vesting terms of the CarParts.com RSUs granted to the COO on January 16, 2024?
For one RSU grant, 33⅓% of the shares vested on January 16, 2026, with the remaining shares scheduled to vest on the next and final anniversary, subject to continued service. For the other grant, 50% vested on January 16, 2025, and the rest vested in equal quarterly installments through the final vesting on January 16, 2026.
Were these CarParts.com (PRTS) insider transactions open‑market sales or purchases?
No. The Form 4 shows transaction code M, indicating the conversion of restricted stock units into common stock at $0 per share under the company’s equity incentive plan, rather than open‑market trading.
Under which plan were the COO’s CarParts.com RSUs granted?
The RSUs reported in this Form 4 were granted on January 16, 2024 pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan, as noted in the footnotes.