Dorman Products (DORM) SVP granted 3,666 restricted stock units
Rhea-AI Filing Summary
Porter Nathan J reported acquisition or exercise transactions in this Form 4 filing.
Dorman Products, Inc. reported that its Senior Vice President and Chief Operations Officer, Nathan J. Porter, received a grant of 3,666 shares of common stock in the form of restricted stock units at a reference price of $115.93 per share. These units will vest in three equal annual installments beginning on March 2, 2027, the first anniversary of the grant date, meaning the award is fully earned over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,666 shares
Net Buy
1 txn
Insider
Porter Nathan J
Role
SVP, Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,666 | $115.93 | $425K |
Holdings After Transaction:
Common Stock — 3,666 shares (Direct)
Footnotes (1)
- F1. 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.
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FAQ
What insider transaction did Dorman Products (DORM) report for Nathan J. Porter?
Dorman Products reported that Nathan J. Porter received a grant of 3,666 restricted stock units. The units represent a contingent right to receive common shares, structured as part of his equity compensation, and will vest over time based on a defined three-year schedule.
What is the vesting schedule for Nathan J. Porter’s Dorman (DORM) restricted stock units?
The 3,666 restricted stock units will vest in three equal annual installments starting March 2, 2027. That date is the first anniversary of the grant, so the award becomes fully vested over a three-year period if the vesting conditions are satisfied.
Does the Dorman Products (DORM) Form 4 reflect a stock purchase or an award?
The Form 4 reflects a grant of restricted stock units, not an open-market stock purchase. It is classified as an acquisition under code A, described as a grant, award, or other acquisition, providing a contingent right to receive common shares in the future.