Gomes Sanjiv 4
4 · CarParts.com, Inc. · Filed Mar 11, 2021
Insider Transaction Report
Form 4
Gomes Sanjiv
Interim CTO
Transactions
- Award
Common Stock
2021-03-09+160,141→ 382,577 total - Award
Common Stock
2021-03-10+160,141→ 542,718 total - Sale
Common Stock
2021-03-10$15.35/sh−56,998$874,919→ 485,720 total - Sale
Common Stock
2021-03-11$15.30/sh−61,963$948,034→ 423,757 total
Footnotes (3)
- [F1]On December 30, 2019, the Reporting Person was granted a number of performance-vesting restricted stock shares, with the payout ranging from 0 to 200% of target based on the Company's 2020 Adjusted EBITDA achievement ("performance criteria"). Following certification by the Compensation Committee of the Issuer of the applicable payout, the Reporting Person vested 223,112 (1/2 on March 9, 2021 and 1/2 on March 10, 2021) of the shares, and because the performance criteria has been satisfied, an additional 97,170 shares (out of the total shares reported above) will vest in quarterly installments over the following 2 years provided the reporting person remains an employee of the Company through such dates.
- [F2]Represents a sale, pursuant to a Section 10b5-1 Plan, to cover tax obligations upon vesting of certain restricted shares of Common Stock on March 10, 2021.
- [F3]Represents a sale, pursuant to a Section 10b5-1 Plan, to cover tax obligations upon vesting of certain restricted shares of Common Stock on March 11, 2021.