Earnings Feed
Start Free
MOTORCAR PARTS OF AMERICA INC·4

Jun 23, 9:17 PM ET

Schooner Douglas Earl 4

4 · MOTORCAR PARTS OF AMERICA INC · Filed Jun 23, 2026

Research Summary

AI-generated summary of this filing

Updated

Motorcar Parts (MPAA) CMO Douglas Schooner Receives Awards & Exercises

What Happened
Douglas Schooner, Chief Manufacturing Officer of Motorcar Parts of America (MPAA), was granted equity awards and converted/exercised derivative awards in a cluster of filings. On June 19, 2026 he was granted two award entries totaling 23,878 units (11,939 + 11,939) reported at $0 (derivative awards: RSUs/PSUs). On June 20–21, 2026 he exercised/converted a total of 6,758 derivative units (4,589 on 6/20 and 2,169 on 6/21); those exercise/conversion entries are listed at $0 and the filing shows both acquisition and corresponding disposition entries for the derivative instruments.

Key Details

  • Transaction dates and amounts:
    • 2026-06-19: Grant/award — 11,939 units (x2) at $0 (reported as derivative awards).
    • 2026-06-20: Exercise/conversion (M) — 4,589 units acquired and a corresponding derivative disposition entry, $0.
    • 2026-06-21: Exercise/conversion (M) — 2,169 units acquired and a corresponding derivative disposition entry, $0.
  • Total awarded on 6/19: 23,878 RSU/PSU-type units. Total exercised/converted on 6/20–6/21: 6,758 units.
  • Shares owned after the transactions: not provided in the supplied filing excerpt.
  • Footnotes / vesting conditions:
    • F1: Some shares are RSUs earned upon vesting.
    • F2: RSUs vest 1/3 each year for three years from the June 19, 2026 grant date.
    • F3: PSUs are performance-based: half vest based on relative total shareholder return vs. a Russell 3000 peer set measured 6/19/2029; remaining portions vest based on 30-day average per‑share price thresholds ($16, $18, $19–$22 with interpolation and scaled vesting).
  • Filing timeliness: no late filing indicator noted in the provided data.

Context

  • These entries appear to be equity compensation events (grants/PSUs/RSUs and conversions/exercises), not open-market purchases or sales. The $0 amounts reflect exercise/grant reporting in the Form 4; they do not show market proceeds or the market value received on any disposition.
  • The filing shows both acquisition and disposition entries for the exercised derivatives, which can reflect conversion/settlement mechanics; the report does not include explicit cash proceeds or open-market sale details.
  • For retail investors, award grants and vested/converted equity are routine compensation actions and do not by themselves indicate the insider’s view of the stock; performance-based PSUs will only vest if specified TSR or price targets are met by mid-2029.

Insider Transaction Report

Form 4
Period: 2026-06-19
MOTORCAR PARTS OF AMERICA INCMPAA
Schooner Douglas Earl
Chief Manufacturing Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-06-20+4,589→ 40,296 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-06-21+2,169→ 42,465 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2]
    2026-06-20−4,589→ 9,179 total
    Exercise: $0.00Exp: 2028-12-31→ Common Stock (4,589 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2]
    2026-06-21−2,169→ 2,168 total
    Exercise: $0.00Exp: 2027-12-31→ Common Stock (2,169 underlying)
  • Award

    Performance-Vesting Restricted Stock Units

    [F3]
    2026-06-19+11,939→ 11,939 total
    Exercise: $0.00Exp: 2029-06-19→ Common Stock (11,939 underlying)
  • Award

    Restricted Stock Units

    [F2]
    2026-06-19+11,939→ 11,939 total
    Exercise: $0.00Exp: 2029-06-19→ Common Stock (11,939 underlying)
Footnotes (3)
  • [F1]Shares earned upon vesting of RSUs
  • [F2]Vesting 1/3 each year for 3 years from grant date of June 19, 2026.
  • [F3]One-half of these PSUs will vest if the Company achieves a total shareholder return relative to the Russell 3000 (excluding real estate and financial institutions and companies with a market capitalization of more than $600 million) measured on 19-Jun-2029. Another one-sixth of these PSUs will vest if the Company achieves a 30 trading-day trailing average market closing price ('PPS') of at least $16 during the three-year period ending on the earlier of 19-Jun-2029 and the date of consummation of a change in control (the 'Period'); another one-sixth of these PSUs will vest if the Company achieves a PPS during the Period of at least $18 during the Period; and the remaining one-sixth of these PSUs will vest if the PPS is equal to or greater than $19 as follows: 50% if the PPS equals $19, 100% if the PPS equals $20 and 150% if the PPS equals or exceeds $22 (if the PPS falls between these levels the vesting percentage will be determined using interpolation).
Signature
/s/ Douglas Schooner|2026-06-23

Documents

1 file
  • 4
    primarydocument.xmlPrimary

    PRIMARY DOCUMENT