Dorman Products (NASDAQ: DORM) SVP Braun logs tax-related share dispositions
Rhea-AI Filing Summary
Dorman Products, Inc. senior vice president and general counsel Joseph P. Braun reported two tax-related share dispositions of common stock. On March 3, 2026, 304 shares were withheld at $116.2200 per share, and on March 4, 2026, 538 shares were withheld at $116.1600 per share.
The issuer withheld these shares upon the vesting of restricted stock units to cover Braun’s tax withholding obligations, which is treated as a disposition under securities rules rather than an open-market sale. After these transactions, Braun held 20,423.5828 common shares directly.
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Insider Trade Summary
Net Seller: 842 shares
Net Sell
2 txns
Insider
Braun Joseph P.
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 538 | $116.16 | $62K |
| Exercise Price or Tax Liability | Common Stock | 304 | $116.22 | $35K |
Holdings After Transaction:
Common Stock — 20,423.5828 shares (Direct)
Footnotes (1)
- F1. These shares were withheld by the Issuer upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations. Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended.
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FAQ
What insider transaction did DORM reporting person Joseph P. Braun report?
Joseph P. Braun reported two tax-related dispositions of Dorman Products common stock. Shares were withheld by the company upon vesting of restricted stock units to satisfy his tax withholding obligations, which are classified as dispositions under Section 16 rules rather than open-market sales.
What does transaction code F mean in the DORM Form 4 filing?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, Dorman Products withheld common shares upon restricted stock unit vesting to satisfy Joseph P. Braun’s tax withholding obligations, which are reported as dispositions under Section 16 regulations.
Were Joseph P. Braun’s DORM transactions open-market sales of stock?
No, the transactions were not open-market sales. The issuer withheld Dorman Products shares upon vesting of restricted stock units to cover Joseph P. Braun’s tax withholding obligations, and regulations treat this withholding as a reportable disposition for Section 16 purposes.