Burlingame Glenn Daniel 4

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

AI-generated summary of this filing

Updated Jun 24, 2026

Motorcar Parts (MPAA) VP Glenn Burlingame Receives Awards & Exercises

What Happened

Glenn D. Burlingame, Vice President, General Counsel & Secretary of Motorcar Parts of America (MPAA), received equity awards and converted/settled derivative shares. On 2026-06-19 he was granted two awards of 13,465 shares each (total 26,930 shares) reported at $0.00. On 2026-06-20 he recorded the exercise/conversion of 5,176 derivative shares (acquired at $0.00) and a simultaneous disposition of 5,176 derivative shares (also $0.00).
These entries reflect awards/vestings and conversion/settlement activity rather than an open‑market purchase or sale; the filing reports no cash paid or received for the awards or conversions.

Key Details

Transaction dates and prices:
- 2026-06-19: Two award/grant entries of 13,465 shares each, $0.00 per share (total 26,930 shares).
- 2026-06-20: Conversion/exercise (M) of 5,176 shares at $0.00 (acquired) and simultaneous disposition of 5,176 shares at $0.00.
Shares owned after transaction: Not specified in the provided filing details.
Footnotes:
- F1: Shares earned upon vesting of RSUs.
- F2: Vesting schedule for certain awards is 1/3 each year for 3 years beginning June 19, 2026.
- F3: Performance stock units (PSUs) vesting tied to total shareholder return vs. a Russell 3000 peer group and to share price (PPS) targets over a three‑year period with tiered vesting (detailed in filing).
Filing: Report filed with SEC on 2026-06-23 (covering transactions dated 6/19–6/20). The filing reports $0.00 exercise/purchase price because these were awards/vestings and derivative conversions.

Context

The awards on 6/19 are described as RSU/PSU grants and vesting; PSUs are performance‑based with multi‑year goals (relative TSR and absolute price hurdles).
The 6/20 conversion and immediate disposition of the same number of derivative shares is a common reporting pattern when awarded shares are converted and settled (often used to satisfy tax withholding or as a cashless settlement), though the filing does not state the specific reason.
These transactions represent compensation and vesting activity by an insider, not an open‑market buy or sell for investment purposes.

Form 4

Period: 2026-06-19

VP, General Counsel and Sec.

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-20+5,176→ 6,700 total
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-20−5,176→ 10,352 total
Exercise: $0.00Exp: 2028-12-31→ Common Stock (5,176 underlying)
Award
Performance-Vesting Restricted Stock Units
[F3]
2026-06-19+13,465→ 13,465 total
Exercise: $0.00Exp: 2029-06-19→ Common Stock (13,465 underlying)
Award
Restricted Stock Units
[F2]
2026-06-19+13,465→ 13,465 total
Exercise: $0.00Exp: 2029-06-19→ Common Stock (13,465 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/ Glenn Burlingame|2026-06-23

1 file