Dorman (DORM) CFO awarded 2,587 restricted stock units vesting from 2027
Rhea-AI Filing Summary
Dorman Products, Inc. reported that its Senior Vice President, Chief Financial Officer and Treasurer, Charles W. Rayfield, acquired an equity award tied to the company’s common stock. He received 2,587 restricted stock units, valued using a reference price of $115.93 per share, bringing his reported direct holdings from this grant to 2,587 units.
The footnote explains that these are restricted stock units representing a contingent right to receive Dorman common shares. They will vest in three equal annual installments beginning on March 2, 2027, the first anniversary of the grant date, meaning the award delivers shares over time rather than as an immediate cash transaction.
Positive
- None.
Negative
- None.
Insights
Routine equity grant to CFO with three-year vesting, neutral impact.
The transaction shows Dorman’s CFO, Charles W. Rayfield, receiving 2,587 restricted stock units, classified as a grant or award acquisition at a reference price of $115.93 per share. This is a non-derivative equity award rather than an open-market purchase or sale.
The award vests in three equal annual installments starting on March 2, 2027, spreading the potential share delivery over three years. This structure is typical for senior executive compensation and aims to align the officer’s interests with longer-term company performance, without indicating any immediate change in the company’s fundamentals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,587 | $115.93 | $300K |
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 three equal annual installments beginning on March 2, 2027, which is the first anniversary of the date of grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.