Director at Dorman (NASDAQ: DORM) awarded 1,344 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Romano Kelly A reported acquisition or exercise transactions in this Form 4 filing.
Dorman Products, Inc. director Kelly A. Romano received a grant of 1,344 restricted stock units representing a contingent right to receive shares of Dorman common stock. The units will vest in full on the earlier of the first anniversary of the grant date or the Company’s next annual meeting of shareholders. Following this award, Romano directly holds 12,172 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Romano Kelly A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $122.71 | $165K |
Holdings After Transaction:
Common Stock — 12,172 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 1,344 units
Grant reference price: $122.71 per share
Post-grant holdings: 12,172 shares
+1 more
4 metrics
RSU grant size
1,344 units
Restricted stock units granted to director Kelly A. Romano
Grant reference price
$122.71 per share
Price per share associated with the RSU grant
Post-grant holdings
12,172 shares
Common shares directly held after the transaction
Vesting trigger
Earlier of 1 year or next annual meeting
Schedule for RSU vesting
Key Terms
restricted stock units, contingent right, annual meeting of shareholders, Form 4
4 terms
restricted stock units financial
"Grant of restricted stock units representing a contingent right to receive shares"
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
"representing a contingent right to receive shares of Dorman common stock"
Form 4 regulatory
"After the reported grant, Kelly A. Romano directly holds 12,172 shares of Dorman common stock described in the Form 4 filing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Dorman (DORM) report for Kelly A. Romano?
Dorman reported that director Kelly A. Romano received 1,344 restricted stock units. These units represent a contingent right to receive Dorman common shares as part of equity compensation, rather than an open-market stock purchase.
Is the Dorman (DORM) transaction a stock purchase or an equity grant?
The transaction is an equity grant, coded as a grant or award acquisition. Romano received 1,344 restricted stock units instead of buying shares in the open market, reflecting standard director compensation rather than a trading decision.
When do Kelly A. Romano’s restricted stock units at Dorman (DORM) vest?
The restricted stock units vest in full on the earlier of two dates. Vesting occurs on the first anniversary of the grant date or on the date of Dorman’s next annual meeting of shareholders, aligning vesting with the company’s governance cycle.