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MOTORCAR PARTS AMERICA INC Reported by MIRV IS JEFFREY FORM 4(Statement of Changes in Beneficial Ownership)Filed 10/31/16 for the Period Ending 10/09/16 Address Telephone CIK Symbol SIC Code Industry
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Each restricted stock unit represents a unit of ownership in a company that is granted to an employee as part of their compensation.
Employees who receive restricted stock units are required to file each unit with the appropriate regulatory authorities.
Each restricted stock unit must be reported on the employee's tax return and any additional forms required by the regulatory authorities.
The purpose of each restricted stock unit is to incentivize and retain employees by providing them with a stake in the company's performance.
Information such as the number of units, grant date, vesting schedule, and fair market value of each unit must be reported on each restricted stock unit.
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