Lev Peker - 18 Mar 2022 Form 4 Insider Report for CarParts.com, Inc. (PRTS)

Role
Chief Executive Officer, Director
Signature
/s/ Lev Peker
Issuer symbol
PRTS
Transactions as of
18 Mar 2022
Net transactions value
$0
Form type
4
Filing time
22 Mar 2022, 18:07:57 UTC
Previous filing
14 Mar 2022
Next filing
29 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRTS Common Stock Award $0 +8,338 +0.77% $0.000000 1,087,274 18 Mar 2022 Direct F1
transaction PRTS Common Stock Award $0 +106,947 +9.8% $0.000000 1,194,221 18 Mar 2022 Direct F2
holding PRTS Common Stock 38,869 18 Mar 2022 By IRA
holding PRTS Common Stock 56,000 18 Mar 2022 By Spouse's IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 13, 2021, the Reporting Person was granted a number of performance-vesting restricted stock shares, with the first tranche of shares to be awarded at a percentage of 1/9 of the target shares on a percentage scale ranging from 0 to 300% based on the Company's 2021 total shareholder return, or TSR ("performance criteria"). Following certification by the Compensation Committee of the Issuer, the Reporting Person vested 8,338 shares because the performance criteria has been satisfied for the 2021 performance period.
F2 Represents common stock awarded to the Reporting Person upon the determination by the Company's Board of Directors of the achievement of the performance conditions under the Company's annual incentive bonus plan. The common stock was awarded to the Reporting Person in lieu of cash under the Company's annual incentive bonus plan.