Motorcar Parts (MPAA) Director Gay Philip Receives 11,851 RSU Award

What Happened
Gay Philip, a director of Motorcar Parts of America, was granted 11,851 restricted stock units (RSUs) on 2026-09-10. The award is recorded as a derivative acquisition (code A) at $0.00 per share (no cash paid at grant). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-10; Form 4 filed 2026-09-14 (filed within required two business days).
• Grant: 11,851 RSUs; grant price listed as $0.00 (no immediate cash consideration).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Each RSU represents a contingent right to one share of common stock; RSUs vest in full at the earlier of (i) one year from the grant date or (ii) the next annual meeting of stockholders, subject to continued service; pro rata vesting on termination as described in the award agreement.

Context
RSUs are a form of equity compensation — they do not convert into actual shares until they vest, so this grant does not immediately change Philip’s share ownership or produce cash. Such awards are common for directors and executives as part of compensation packages and should be interpreted as a grant, not a market-directional purchase.