Dorman Products (DORM) executive reports stock award and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. executive Eric Luftig reported stock-based compensation activity. He acquired 2,036 shares of common stock at no cost through the settlement of performance-based restricted stock units granted for the 2023–2025 performance cycle. On the same date, 919 shares were withheld at a price of $127.73 per share to cover his tax withholding obligations, treated as a disposition under Section 16 rules. Following these transactions, he directly owned 9,102.8476 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Luftig Eric
Role
President, Light Duty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,036 | $0.00 | -- |
| Tax Withholding | Common Stock | 919 | $127.73 | $117K |
Holdings After Transaction:
Common Stock — 10,021.848 shares (Direct)
Footnotes (1)
- Represents the settlement of performance-based restricted stock units granted in fiscal 2023 for the 2023-2025 performance cycle. 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.
FAQ
What insider transactions did Eric Luftig report at Dorman Products (DORM)?
Eric Luftig reported receiving 2,036 Dorman Products common shares as a stock award and having 919 shares withheld to cover taxes. These movements reflect compensation and tax withholding activity rather than open-market buying or selling of DORM stock.
Was the Dorman Products (DORM) Form 4 transaction an open-market purchase or sale?
The Form 4 shows no open-market purchase or sale. Shares were acquired through a stock award and some were disposed of only to satisfy tax withholding obligations upon vesting, a common non-cash administrative transaction for equity compensation.
What do the performance-based RSUs in Dorman Products (DORM) Form 4 represent?
The performance-based restricted stock units represent equity compensation granted in fiscal 2023 for the 2023–2025 performance cycle. Their settlement into 2,036 common shares reflects achieved performance criteria and contributes to Eric Luftig’s long-term incentive alignment with Dorman Products’ shareholders.