Lee David Sung 4

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

AI-generated summary of this filing

Updated Jun 24, 2026

MPAA CFO Lee Sung Receives Awards, Exercises Derivatives

What Happened

Lee David Sung, Chief Financial Officer of Motorcar Parts of America, was granted equity awards and completed conversions/exercises of derivative awards. The filing shows two awards on 2026-06-19 for 28,366 shares each (total 56,732) recorded as grants (RSUs/PSUs) at $0, and conversions/exercises on 2026-06-20 (10,904 shares) and 2026-06-21 (5,577 shares) recorded as both acquisitions and immediate dispositions at $0.
No cash consideration is shown (all transactions reported at $0). The exercises/conversions were recorded as derivative activity and also as disposals (i.e., the acquired derivative shares were immediately disposed of).

Key Details

Transaction dates and amounts:
- 2026-06-19: Grant/award (A) — 28,366 shares (RSU/PSU) @ $0 (x2 entries = 56,732 total awarded)
- 2026-06-20: Exercise/conversion (M) — 10,904 shares acquired @ $0 and 10,904 shares disposed @ $0
- 2026-06-21: Exercise/conversion (M) — 5,577 shares acquired @ $0 and 5,577 shares disposed @ $0
Filing date: 2026-06-23 (reported within typical insider reporting window; filing does not indicate lateness).
Shares owned after the transactions: not disclosed in the summary provided.
Footnotes of note:
- F1: Shares relate to RSUs that are earned upon vesting.
- F2: RSUs vest 1/3 each year for 3 years from the grant date (June 19, 2026).
- F3: PSUs have multi-year performance conditions tied to total shareholder return vs. a Russell 3000 peer group and to share price targets (PPS thresholds of $16, $18 and tiered vesting at $19–$22) measured through 6/19/2029 (or earlier upon a change in control).

Context

The 6/19 entries are grants of restricted stock/units (compensation awards), not open-market purchases — awards are common executive compensation.
The 6/20–6/21 M transactions show conversion/exercise of derivatives at $0 with simultaneous disposals; filings often record conversions and immediate dispositions for administrative or tax-settlement reasons, but the form does not state the motive.
PSUs vest only if performance hurdles are met over the specified period; RSUs vest over three years per the schedule above. These awards do not by themselves indicate the insider’s view of the stock.

Form 4

Period: 2026-06-19

CFO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-20+10,904→ 78,442 total
Exercise/Conversion
Common Stock
[F1]
2026-06-21+5,577→ 84,019 total
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-20−10,904→ 21,808 total
Exercise: $0.00Exp: 2028-12-31→ Common Stock (10,904 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-21−5,577→ 5,576 total
Exercise: $0.00Exp: 2027-12-31→ Common Stock (5,577 underlying)
Award
Performance-Vesting Restricted Stock Units
[F3]
2026-06-19+28,366→ 28,366 total
Exercise: $0.00Exp: 2029-06-19→ Common Stock (28,366 underlying)
Award
Restricted Stock Units
[F2]
2026-06-19+28,366→ 28,366 total
Exercise: $0.00Exp: 2029-06-19→ Common Stock (28,366 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/ David Lee|2026-06-23

1 file