Schooner Douglas Earl 4

What Happened Douglas Schooner, Chief Manufacturing Officer of Motorcar Parts of America, had a total of 2,784 shares disposed as tax-withholding on vested RSUs: 1,890 shares on 2026-06-20 and 894 shares on 2026-06-21. Each share was recorded at $15.30, producing proceeds used to cover tax obligations of $28,917 and $13,678 respectively (combined ≈ $42,595). These transactions are tax-withholding events (code F), not open-market sell decisions.

Key Details

• Transaction dates and prices:
  • 2026-06-20: 1,890 shares @ $15.30 = $28,917 (withheld)
  • 2026-06-21: 894 shares @ $15.30 = $13,678 (withheld)
• Total shares withheld: 2,784; total value ≈ $42,595.
• Footnote: F1 — shares were used to pay taxes on vesting of RSUs (tax withholding).
• Filing: Form 4 filed 2026-07-24 for transactions in June 2026 — this appears to be late relative to the typical 2-business-day reporting requirement.

Context

• These were tax-withholding disposals tied to RSU vesting (a routine administrative step). Such withholdings are recorded as "disposed" but generally do not indicate the insider is selling shares as a market-timing decision.
• This is not an options exercise or open-market purchase; no 10b5-1 plan or gift is indicated in the provided filing.