Director of Dorman Products (NASDAQ: DORM) reports tax-related share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. director Thomas James Darrell reported a small tax-related share disposition. On the vesting of restricted stock units, 33 shares of common stock were withheld by the company at $116.16 per share to cover his tax obligations, which is classified as a disposition under securities rules. After this withholding, he directly holds 6,574 shares of Dorman common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thomas James Darrell
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 33 | $116.16 | $4K |
Holdings After Transaction:
Common Stock — 6,574 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for tax: 33 shares
Per-share value: $116.16 per share
Shares held after transaction: 6,574 shares
+2 more
5 metrics
Shares withheld for tax
33 shares
Tax-withholding disposition on RSU vesting
Per-share value
$116.16 per share
Value used for withheld shares
Shares held after transaction
6,574 shares
Direct holdings after withholding
Transaction code
F
Payment of tax liability by delivering securities
Tax-withholding transactions
1 transaction, 33 shares
Summary in filing’s transaction data
Key Terms
restricted stock units, tax withholding obligations, disposition of securities, Section 16 of the Securities Exchange Act of 1934
4 terms
restricted stock units financial
"upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations"
disposition of securities regulatory
"Such withholding is treated as a disposition of securities under Section 16"
Section 16 of the Securities Exchange Act of 1934 regulatory
"under Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transaction did Dorman Products (DORM) director Thomas James Darrell report?
Director Thomas James Darrell reported a small tax-related share disposition. The company withheld 33 common shares when his restricted stock units vested to satisfy tax obligations, a routine non-market event classified as a disposition under Section 16 rules.
Was the Dorman Products (DORM) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 33 Dorman common shares were withheld by the company to cover Thomas James Darrell’s tax withholding obligations upon RSU vesting, rather than being sold on the open market for cash proceeds.
What does transaction code F mean in the Dorman Products (DORM) Form 4?
Transaction code F in this Form 4 signifies a tax-withholding disposition. It reflects that shares were surrendered to Dorman Products to pay the director’s tax liability from restricted stock unit vesting, rather than representing a discretionary buy or sell in the open market.