Director of Dorman Products (NASDAQ: DORM) reports minor tax withholding of shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products director Richard T. Riley reported a small, routine 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 satisfy his tax withholding obligations. After this withholding, he directly holds 28,968 Common shares, so the transaction represents a very minor adjustment tied to equity compensation rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RILEY RICHARD T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 33 | $116.16 | $4K |
Holdings After Transaction:
Common Stock — 28,968 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 33 shares
Withholding price: $116.16 per share
Shares held after transaction: 28,968 shares
+2 more
5 metrics
Shares withheld for taxes
33 shares
Tax-withholding disposition on restricted stock unit vesting
Withholding price
$116.16 per share
Value used for 33-share tax withholding
Shares held after transaction
28,968 shares
Direct Common Stock ownership following tax withholding
Transaction code
F
Payment of tax liability by delivering securities
Transaction direction
dispose
Tax-withholding disposition, not an open-market sale
Key Terms
restricted stock units, tax withholding obligations, Section 16 of the Securities Exchange Act of 1934, disposition of securities
4 terms
restricted stock units financial
"These shares were withheld by the Issuer 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
"These shares were withheld by the Issuer upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations."
Section 16 of the Securities Exchange Act of 1934 regulatory
"Such withholding is treated as a disposition of securities 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.
disposition of securities regulatory
"Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended."
FAQ
What insider transaction did Dorman Products (DORM) director Richard T. Riley report?
Director Richard T. Riley reported a small tax-withholding disposition of 33 shares of Dorman Products Common Stock. The shares were withheld by the company when restricted stock units vested to cover his tax obligations, not sold in the open market.
What is Richard T. Riley’s ownership in Dorman Products (DORM) after this transaction?
After the tax-withholding disposition, Richard T. Riley directly holds 28,968 shares of Dorman Products Common Stock. This indicates the 33 shares withheld for taxes are very small relative to his overall direct equity position in the company.
Was the Dorman Products (DORM) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 33 shares of Common Stock were withheld by Dorman Products upon restricted stock unit vesting to pay Richard T. Riley’s tax withholding obligations, which is reported as a disposition under Section 16 rules.
Why is a tax-withholding disposition like this reported on a Form 4 for Dorman Products (DORM)?
Tax-withholding dispositions must be reported because they count as dispositions of securities under Section 16. When Dorman Products withholds shares from Richard T. Riley’s vested restricted stock units to cover taxes, those 33 shares are treated as a reportable transaction.