Dorman Products (DORM) SVP gets 4,312 RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. senior vice president and general counsel Joseph P. Braun reported routine equity compensation activity. He received a grant of 4,312 restricted stock units at a reference price of $115.93 per share. The units will vest in three equal annual installments beginning on March 2, 2027.
To cover tax withholding on vesting of previously granted restricted stock units, a total of 212 shares of common stock were withheld, which is treated as a disposition under Section 16 rules. After these transactions, his reported direct ownership was 21,265.5828 shares of Dorman common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Braun Joseph P.
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 91 | $115.93 | $11K |
| Tax Withholding | Common Stock | 121 | $115.93 | $14K |
| Grant/Award | Common Stock | 4,312 | $115.93 | $500K |
Holdings After Transaction:
Common Stock — 17,074.583 shares (Direct)
Footnotes (1)
- 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. Grant of restricted stock units representing a contingent right to receive shares of Dorman common stock. The restricted stock units will vest in three equal annual installments beginning on March 2, 2027, which is the first anniversary of the date of grant.
FAQ
What equity award did Dorman Products (DORM) report for Joseph P. Braun?
Joseph P. Braun received a grant of 4,312 restricted stock units of Dorman common stock at a reference price of $115.93 per share. These units represent a contingent right to receive shares, subject to future vesting conditions over several years.
How will Joseph P. Braun’s new Dorman (DORM) restricted stock units vest?
The 4,312 restricted stock units will vest in three equal annual installments starting March 2, 2027. Each year on that date, one-third of the units becomes vested, gradually increasing Braun’s directly owned Dorman common shares if the units settle in stock.
Were Joseph P. Braun’s Dorman (DORM) transactions open-market buys or sells?
The filing shows no open-market buys or sells. Instead, it reports a grant of 4,312 restricted stock units and two tax-withholding dispositions totaling 212 shares, where shares were withheld by Dorman to cover Braun’s tax liabilities on vested restricted stock units.