CarParts.com (PRTS) director gets 14,291-share fee award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GREYSON JAY KEITH reported acquisition or exercise transactions in this Form 4 filing.
CarParts.com, Inc. director Greyson Jay Keith received a stock award of 14,291 shares of Common Stock on April 6, 2026. The shares were granted under the company’s Director Payment Election Plan in lieu of cash retainer fees equal to $11,550, rather than being bought on the market.
Each share was valued at $0.81 for the award, and following this transaction Keith directly holds 440,805 shares of CarParts.com common stock. This is a routine compensation-related grant, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GREYSON JAY KEITH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,291 | $0.81 | $12K |
Holdings After Transaction:
Common Stock — 440,805 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 14,291 shares
Grant price per share: $0.81 per share
Cash fees replaced: $11,550
+1 more
4 metrics
Shares granted
14,291 shares
Director stock award on April 6, 2026
Grant price per share
$0.81 per share
Value used for the April 6, 2026 award
Cash fees replaced
$11,550
Retainer fees replaced by stock under Director Payment Election Plan
Shares owned after transaction
440,805 shares
Director’s direct holdings following the grant
Key Terms
Director Payment Election Plan, retainer fees, Grant, award, or other acquisition, Common Stock
4 terms
Director Payment Election Plan financial
"Shares were awarded pursuant to the CarParts.com, Inc. Director Payment Election Plan in lieu of retainer fees"
retainer fees financial
"in lieu of retainer fees equal to $11,550"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CarParts.com (PRTS) disclose in this Form 4?
CarParts.com reported that director Greyson Jay Keith received 14,291 shares of Common Stock as a stock award. The grant was made instead of paying cash retainer fees, reflecting routine equity-based director compensation rather than an open-market share purchase.
Was the CarParts.com (PRTS) Form 4 transaction an open-market buy or a compensation grant?
The Form 4 shows a compensation-related grant, not an open-market buy. The 14,291 shares were awarded under the Director Payment Election Plan in lieu of cash retainer fees, classified with transaction code “A” for a grant, award, or other acquisition.
What is the CarParts.com (PRTS) Director Payment Election Plan mentioned in the Form 4?
The Director Payment Election Plan allows directors to receive stock instead of cash retainer fees. In this case, Greyson Jay Keith elected to take 14,291 shares in lieu of $11,550 of fees, aligning compensation with equity ownership while conserving cash outlay.