Dorman (DORM) SVP receives performance share award, with tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. SVP and Chief Human Resources Officer Scott Leff reported equity compensation activity in common stock. He acquired 2,783 shares through the settlement of performance-based restricted stock units granted for the 2023–2025 performance cycle, and 1,259 shares were withheld by the company to cover tax obligations upon vesting. After these transactions, he directly owns 15,469.2428 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Leff Scott
Role
SVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,783 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,259 | $127.73 | $161K |
Holdings After Transaction:
Common Stock — 16,728.243 shares (Direct)
Footnotes (1)
- Represents the settlement of performance-based restricted stock units granted in fiscal 2023 for the 2023-2025 performance cycle. These shares were withheld by the Issuer upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations. Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended.
FAQ
What insider transactions did Dorman Products (DORM) report for Scott Leff?
Scott Leff reported an award of 2,783 Dorman Products common shares from performance-based restricted stock units and a withholding of 1,259 shares to satisfy tax obligations. After these transactions, his direct ownership stands at 15,469.2428 common shares.
Was the Dorman Products (DORM) Form 4 a stock purchase or sale?
The Form 4 shows an equity award and a tax-related share withholding, not an open-market buy or sale. Leff received 2,783 shares from vested performance-based RSUs and 1,259 shares were withheld by the issuer to cover tax withholding obligations.
What do the performance-based RSUs in the Dorman Products (DORM) filing represent?
The filing states the 2,783 acquired shares represent settlement of performance-based restricted stock units granted in fiscal 2023 for the 2023–2025 performance cycle. Upon vesting, these units converted into common shares credited to Scott Leff’s direct ownership.