CarParts.com (PRTS) director Lisa Costa awarded 186,717 cash-settled RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Costa Lisa reported acquisition or exercise transactions in this Form 4 filing.
CarParts.com director Lisa Costa received a compensation grant of 186,717 cash-settled restricted stock units (RSUs). Each RSU represents a right to receive cash 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 her service with the company continues through that time. Following this grant, she holds 186,717 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Costa Lisa
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 RSUs
RSUs outstanding after grant: 186,717 RSUs
Exercise/Conversion price: $0.00 per unit
+1 more
4 metrics
RSUs granted
186,717 RSUs
Grant of cash-settled restricted stock units to director
RSUs outstanding after grant
186,717 RSUs
Total RSUs held directly by Lisa Costa following transaction
Exercise/Conversion price
$0.00 per unit
Cash-settled RSUs granted at no exercise price
Vesting condition
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
"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
"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
"equal to the fair market value of one share ... on the applicable vesting date"
FAQ
What did CarParts.com (PRTS) director Lisa Costa report in this Form 4?
Lisa Costa reported receiving 186,717 cash-settled restricted stock units as compensation. These RSUs are linked to CarParts.com common stock value but pay out in cash, not shares, if they vest as scheduled.
How many RSUs did Lisa Costa receive from CarParts.com (PRTS)?
She received 186,717 restricted stock units in this award. Each RSU represents a right to a cash amount equal to one share’s fair market value on the vesting date, assuming service conditions are satisfied.
When do Lisa Costa’s CarParts.com (PRTS) RSUs vest?
The RSUs are scheduled to vest on the 2027 annual shareholder meeting date. Vesting requires that Lisa Costa’s service with CarParts.com continues through that meeting, making this a time-based, service-contingent award.
Are Lisa Costa’s CarParts.com (PRTS) RSUs settled in stock or cash?
These restricted stock units are explicitly described as cash-settled RSUs. Upon vesting, each RSU pays an amount in cash equal to the fair market value of one share of CarParts.com common stock on the applicable vesting date.