CarParts.com (PRTS) awards director 18,672 cash-settled RSUs vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nauss Timothy Green reported acquisition or exercise transactions in this Form 4 filing.
CarParts.com, Inc. director Nauss Timothy Green received a grant of 18,672 cash-settled restricted stock units. Each unit entitles him to a cash payment equal to the fair market value of one share of common stock on the vesting date.
The RSUs vest on the 2027 annual shareholder meeting date, provided his service with the company continues through that time. After this award, his reported derivative holdings from this grant total 18,672 RSUs, reflecting a routine, compensation-related equity-linked grant rather than an open-market stock transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nauss Timothy Green
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18,672 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 18,672 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 18,672 units
Exercise price: $0.00 per unit
Underlying shares: 18,672 shares equivalent
+2 more
5 metrics
RSUs granted
18,672 units
Grant of cash-settled RSUs to director on 2026-07-07
Exercise price
$0.00 per unit
Restricted stock units granted at no explicit exercise cost
Underlying shares
18,672 shares equivalent
Each RSU tied to value of one common share
Holdings after grant
18,672 RSUs
Total RSUs from this grant following the transaction
Vesting event
2027 annual shareholder meeting date
RSUs vest if service continues through that meeting
Key Terms
Restricted Stock Units, cash-settled RSUs, fair market value, vesting date, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
cash-settled RSUs financial
"Reflects cash-settled RSUs. Each RSU represents a contingent right"
fair market value financial
"receive an amount in cash equal to the fair market value of one share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
vesting date financial
"fair market value of one share ... on the applicable vesting date"
FAQ
What did CarParts.com (PRTS) disclose in this Form 4 for Nauss Timothy Green?
CarParts.com reported a grant of 18,672 cash-settled restricted stock units to director Nauss Timothy Green. These RSUs are a compensation award, not an open-market stock trade, and pay cash based on the share price at vesting.
How many RSUs did CarParts.com (PRTS) grant to director Nauss Timothy Green?
CarParts.com granted 18,672 restricted stock units to director Nauss Timothy Green. Each unit represents a contingent right to receive cash equal to the fair market value of one common share on the vesting date, subject to continued service.
Are the RSUs in CarParts.com (PRTS) Form 4 settled in stock or cash?
The RSUs are cash-settled. Each restricted stock unit gives a right to receive an amount in cash equal to the fair market value of one CarParts.com common share on the vesting date, rather than issuing actual shares.
When do Nauss Timothy Green’s CarParts.com (PRTS) RSUs vest?
The RSUs vest on the 2027 annual shareholder meeting date. Vesting requires that Nauss Timothy Green’s service with CarParts.com has not ended before that meeting, tying the award to continued board service over the period.
Did Nauss Timothy Green buy or sell CarParts.com (PRTS) stock in this Form 4?
He did not buy or sell shares on the market. The Form 4 reports an acquisition of 18,672 cash-settled restricted stock units as a compensation grant, with no open-market purchases or sales of CarParts.com common stock disclosed.