Dorman Products (DORM) awards director 1,344 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. director John J. Gavin reported an equity compensation grant. He acquired 1,344 restricted stock units representing a contingent right to receive Dorman common shares, valued at $122.71 per unit. Following this award, his direct holdings total 10,546 shares.
The restricted stock units will vest in full on the earlier of the first anniversary of the grant date or the date of the company’s next annual meeting of shareholders, aligning director compensation with long-term shareholder outcomes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GAVIN JOHN J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $122.71 | $165K |
Holdings After Transaction:
Common Stock — 10,546 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 1,344 units
Grant valuation price: $122.71 per unit
Holdings after grant: 10,546 shares
+1 more
4 metrics
Restricted stock units granted
1,344 units
Equity award to director John J. Gavin
Grant valuation price
$122.71 per unit
Reference value for restricted stock unit grant
Holdings after grant
10,546 shares
Total direct Dorman common shares held post-transaction
Vesting condition
Earlier of first anniversary or next annual meeting
Full vesting trigger for restricted stock units
Key Terms
restricted stock units, contingent right, annual meeting of shareholders, director
4 terms
restricted stock units financial
"Grant of restricted stock units representing a contingent right to receive shares of Dorman common stock."
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.
contingent right financial
"restricted stock units representing a contingent right to receive shares of Dorman common stock."
director financial
"GAVIN JOHN J is reported as a director of Dorman Products, Inc."
FAQ
What insider transaction did Dorman Products (DORM) report for John J. Gavin?
Dorman Products reported that director John J. Gavin received 1,344 restricted stock units as an equity award. These units represent a contingent right to receive common shares and form part of his director compensation package.
At what price were John J. Gavin’s Dorman Products (DORM) restricted stock units valued?
The 1,344 restricted stock units granted to John J. Gavin were valued at $122.71 per unit. This reference price helps quantify the size of the director’s compensation-related equity award in this Form 4 filing.
When do John J. Gavin’s Dorman Products (DORM) restricted stock units vest?
The restricted stock units will vest in full on the earlier of the first anniversary of the grant date or the date of Dorman Products’ next annual meeting of shareholders, tying vesting to either time-based service or the upcoming shareholder event.
What does the Form 4 grant to John J. Gavin indicate about Dorman Products (DORM)?
The Form 4 shows Dorman Products using restricted stock units as director compensation. It highlights alignment of director incentives with shareholder value through equity awards that vest over time or at the next annual shareholder meeting.