Dorman director granted 1,344 restricted units
Stakias G. Michael reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Stakias G. Michael reported acquisition or exercise transactions in this Form 4 filing.
Dorman Products director G. Michael Stakias received an equity award rather than buying shares on the market. He was granted 1,344 restricted stock units representing a contingent right to receive an equal number of Dorman common shares at a reference price of $122.71 per share. The units vest in full on the earlier of the first anniversary of the grant date or the company’s next annual meeting of shareholders. Following this award, he beneficially owns 16,150 shares of common stock directly.
Insights
Director received routine stock-based compensation through restricted stock units.
The filing shows director G. Michael Stakias acquired 1,344 restricted stock units, a form of stock-based compensation rather than an open-market purchase. These units represent a contingent right to receive Dorman common shares at a reference value of $122.71 per share.
The units vest in full on the earlier of the first anniversary of the grant date or the company’s next annual meeting of shareholders, aligning the director’s interests with shareholders over that period. After this grant, he holds 16,150 shares directly, indicating the transaction is modest relative to his overall stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $122.71 | $165K |
Footnotes (1)
- F1. Grant of restricted stock units representing a contingent right to receive shares of Dorman common stock. The restricted stock units will vest in full on the earlier of the first anniversary of the date of grant or the date of the Company's next annual meeting of shareholders.
Key Figures
Key Terms
restricted stock units financial
contingent right financial
Form 4 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Dorman Products (DORM) director G. Michael Stakias receive in this Form 4 filing?
At what value were the restricted stock units for Dorman Products (DORM) recorded?
When do the Dorman Products (DORM) restricted stock units granted to the director vest?
Is the Dorman Products (DORM) Form 4 transaction a market buy or routine compensation?
AI-generated analysis. How Rhea-AI works. Not financial advice.