CarParts.com (PRTS) grants director 186,717 cash-settled RSUs
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. reported that director Greyson Jay Keith received a grant of 186,717 Restricted Stock Units (RSUs). These are cash-settled awards, each tied to the fair market value of one share of common stock on the vesting date.
The RSUs are scheduled to vest on the company’s 2027 annual shareholder meeting date, provided his service with the company continues through that time. Following this grant, he holds 186,717 RSUs, reflecting a compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GREYSON JAY KEITH
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 186,717 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 186,717 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 186,717 units
Price per RSU at grant: $0.0000 per unit
RSUs held after transaction: 186,717 units
+1 more
4 metrics
RSUs granted
186,717 units
Grant of cash-settled Restricted Stock Units
Price per RSU at grant
$0.0000 per unit
Grant/award acquisition code A
RSUs held after transaction
186,717 units
Total RSUs following the grant
Underlying common stock linkage
186,717 shares equivalent
Each RSU tied to one share’s fair market value
Key Terms
Restricted Stock Units, cash-settled RSUs, fair market value, vesting date, +1 more
5 terms
Restricted Stock Units financial
"Reflects cash-settled RSUs. Each RSU represents a contingent right to receive an amount in cash"
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 to receive an amount in cash"
fair market value financial
"amount in cash equal to the fair market value of one share of the Issuer's common stock"
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 of the Issuer's common stock on the applicable vesting date"
FAQ
What insider transaction did CarParts.com (PRTS) report for Greyson Jay Keith?
CarParts.com reported a compensation grant to director Greyson Jay Keith of 186,717 Restricted Stock Units. These RSUs are cash-settled, meaning he will receive cash equal to the share value at vesting rather than stock itself.
How many RSUs were granted to the CarParts.com (PRTS) director?
The director received 186,717 RSUs in this transaction. Each unit is linked to one share’s fair market value at vesting, so the ultimate cash payout will depend on the stock price on the vesting date.
Are the CarParts.com (PRTS) RSUs stock or cash-settled?
The RSUs are cash-settled, not settled in shares. Each unit represents a right to receive cash equal to the fair market value of one share of CarParts.com common stock on the applicable vesting date.
When do Greyson Jay Keith’s RSUs at CarParts.com (PRTS) vest?
The RSUs vest on the 2027 annual shareholder meeting date, assuming his service with the company continues through that time. Vesting conditions mean he must remain in his role until that meeting for the award to fully vest.
What is Greyson Jay Keith’s RSU position at CarParts.com (PRTS) after this grant?
After the grant, he holds 186,717 RSUs. This figure reflects his total RSU position reported in the filing and shows the size of his cash-based incentive tied to CarParts.com’s future share price at vesting.