Dorman Products (DORM) SVP logs RSU settlement and tax share withholding
Rhea-AI Filing Summary
Dorman Products, Inc. senior vice president and CIO Donna M. Long reported equity compensation activity involving the company’s common stock. She acquired 2,715 shares as a grant or award, representing the settlement of performance-based restricted stock units granted in fiscal 2023 for the 2023–2025 performance cycle.
To cover related tax withholding obligations upon vesting, 1,230 shares were disposed of through share withholding at a price of $127.73 per share, which is treated as a disposition under Section 16 but does not represent an open-market sale. After these transactions, her directly owned stake was 19,340.8738 shares.
Positive
- None.
Negative
- None.
Insights
Routine equity vesting with tax withholding; no open‑market trading.
The transactions reflect standard executive compensation mechanics at Dorman Products, Inc.. Donna M. Long received 2,715 shares from settlement of performance-based restricted stock units for the 2023–2025 cycle, reinforcing equity-linked pay without cash outlay.
To satisfy tax obligations triggered by vesting, 1,230 shares were withheld at $127.73 per share, classified as a disposition under Section 16. Because these are tax-withholding shares rather than an open-market sale, the economic signal is limited and consistent with routine equity administration.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,715 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,230 | $127.73 | $157K |
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.