Schooner Douglas Earl 4

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.