Tax withholding trims Dorman (NASDAQ: DORM) president’s stake by 116 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. reported that President, Specialty Vehicle Kathleen Pacheco had 116 shares of common stock withheld on the vesting of restricted stock units to cover tax obligations. This tax withholding is treated as a disposition under Section 16 rules. After this event, she directly holds about 4,526.5305 shares of Dorman common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pacheco Kathleen
Role
President, Specialty Vehicle
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 116 | $125.83 | $15K |
Holdings After Transaction:
Common Stock — 4,526.531 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax withholding shares: 116 shares
Reported price per share: $125.83 per share
Shares held after transaction: 4,526.5305 shares
3 metrics
Tax withholding shares
116 shares
Common stock withheld to satisfy tax obligations on RSU vesting
Reported price per share
$125.83 per share
Value used for the 116 withheld shares on the Form 4
Shares held after transaction
4,526.5305 shares
Direct Dorman common stock ownership after tax withholding
Key Terms
restricted stock units, tax withholding obligations, Section 16
3 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 regulatory
"Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did Dorman (DORM) report for Kathleen Pacheco?
Dorman reported that executive Kathleen Pacheco had 116 shares of common stock withheld to cover taxes when restricted stock units vested. This is classified as a disposition under Section 16 but represents tax withholding, not an open-market sale of shares.