Burlingame Glenn Daniel 4

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.