Dorman SVP exercises options for 4,708 shares
Dorman Products, Inc. officer Joseph P. Braun, SVP and General Counsel, exercised employee stock options on September 14, 2026 to acquire 4,708 shares of common stock at an exercise price of $84.93 per share.
Rhea-AI Filing Summary
Dorman Products, Inc. officer Joseph P. Braun, SVP and General Counsel, exercised employee stock options on September 14, 2026 to acquire 4,708 shares of common stock at an exercise price of $84.93 per share. Of the shares acquired, 3,159 shares were withheld to cover the exercise price and withholding tax obligations, leaving Braun with 2,989 stock options remaining after the transaction. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,708 shares exercised/converted
Exercise
3 txns
Insider
Braun Joseph P.
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F2 | 4,708 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,708 | $84.93 | $400K |
| Exercise Price or Tax Liability | Common Stock F1 | 3,159 | $126.60 | $400K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 2,989 contracts (Direct);
Common Stock — 21,972.5828 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld to cover the exercise price and withholding tax obligations of the options exercised.
- F2. This option vested in four equal annual installments beginning on May 9, 2020, which was the first anniversary of the date of grant.
Key Figures
Options exercised: 4,708 shares
Option exercise price: $84.93 per share
Shares acquired on exercise: 4,708 shares
+4 more
7 metrics
Options exercised
4,708 shares
Employee stock options for Dorman Products, Inc. common stock exercised on September 14, 2026
Option exercise price
$84.93 per share
Exercise price for 4,708 underlying shares of common stock
Shares acquired on exercise
4,708 shares
Common stock received by Joseph P. Braun upon exercising employee stock options
Shares withheld for exercise price and taxes
3,159 shares
Common stock withheld to cover the exercise price and withholding tax obligations
Withholding transaction price
$126.60 per share
Per-share value used for the withholding of 3,159 shares of common stock
Options remaining after transaction
2,989 options
Employee stock options reported as held directly following the option exercise
Option expiration date
May 9, 2027
Expiration date of the employee stock option that was exercised in part
Key Terms
Employee Stock Option, withholding tax obligations, beneficial owner, Section 16 of the Securities Exchange Act of 1934
4 terms
Employee Stock Option financial
"Employee Stock Option (right to buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
withholding tax obligations financial
"Represents shares withheld to cover the exercise price and withholding tax obligations"
beneficial owner regulatory
"shall not be construed as an admission that the person filing this Statement is the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for the purposes of 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DORM executive Joseph P. Braun report on this Form 4?
Joseph P. Braun, SVP and General Counsel of Dorman Products, Inc., reported exercising employee stock options for 4,708 shares of common stock on September 14, 2026, with a portion of the acquired shares withheld to cover the option exercise price and related tax obligations.
What stock option terms are disclosed for Joseph P. Braun at DORM?
The employee stock option exercised by Joseph P. Braun covered 4,708 underlying shares of Dorman Products, Inc. common stock at an exercise price of $84.93 per share and has an expiration date of May 9, 2027.
How many DORM stock options does Joseph P. Braun hold after this transaction?
After the September 14, 2026 option exercise, Joseph P. Braun is reported as holding 2,989 employee stock options for Dorman Products, Inc. common stock directly.
Were Joseph P. Braun’s DORM transactions made under a Rule 10b5-1 plan?
No. The filing indicates that these transactions were not made under a Rule 10b5-1 trading plan; the related affirmation checkbox is not marked for this report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
