CarParts.com (PRTS) COO receives 190,000 time-vested Restricted Stock Awards
Rhea-AI Filing Summary
Huffaker Michael reported acquisition or exercise transactions in this Form 4 filing.
CarParts.com, Inc. reported that its Chief Operating Officer, Michael Huffaker, received a grant of 190,000 Restricted Stock Awards (RSAs) effective April 8, 2026. These RSAs were granted under the CarParts.com, Inc. 2016 Equity Incentive Plan as equity-based compensation.
The RSAs are scheduled to vest in three equal installments of approximately one-third each on the first, second, and third anniversaries of the grant date. Vesting is conditioned on Huffaker’s continuous service with the company through each vesting date. Following this grant, he directly holds 190,000 shares of common stock underlying these RSAs.
Positive
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Negative
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Insights
Routine time-based stock grant to COO, signaling long-term incentive alignment.
The transaction shows Chief Operating Officer Michael Huffaker receiving 190,000 Restricted Stock Awards at a grant price of $0.00 under the company’s 2016 Equity Incentive Plan. This is a non-cash, compensation-related equity award, not an open-market purchase or sale.
The RSAs vest over three years in equal 33 1/3% installments on each anniversary of the April 8, 2026 grant date, contingent on continued service. This structure encourages management retention and long-term focus but does not itself indicate any directional view on the share price.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Awards | 190,000 | $0.00 | -- |
Footnotes (1)
- Effective April 8, 2026, the Board of Directors of the Company granted the Reporting Person Restricted Stock Awards (RSAs) pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan. The RSAs shall vest in three equal installments (33 1/3%) on each of the next three anniversaries of the grant date, subject to such Reporting Person's continuous service with the Company through each applicable vesting date. Not applicable.