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MOTORCAR PARTS AMERICA INC Reported by MILLER DUANE FRANKLINFORM 4(Statement of Changes in Beneficial Ownership)Filed 05/09/17 for the Period Ending 05/05/17 Address Telephone CIK Symbol SIC Code
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A restricted stock refers to company shares that are given to employees as part of their compensation package, but are subject to certain restrictions and conditions.
Employees who have been granted restricted stock by their company are required to report it to the relevant tax authorities.
Employees can fill out the required forms provided by their company or tax authorities to report their restricted stock holdings.
The purpose of restricted stock is to incentivize employees to stay with the company and perform well, as they only receive full ownership of the stock once certain conditions are met.
Employees must report the number of restricted stock units granted, the vesting schedule, any restrictions or conditions attached to the stock, and the fair market value of the stock at the time of grant.
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