Dorman (NASDAQ: DORM) SVP Braun logs RSU settlement and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. senior vice president and general counsel Joseph P. Braun reported equity award activity in company common stock. He acquired 3,665 shares on a grant or award basis at $0.00 per share, reflecting the settlement of performance-based restricted stock units granted for the 2023-2025 performance cycle.
To cover tax withholding on the vesting of restricted stock units, 1,640 shares were disposed of at $127.73 per share, treated as a tax-withholding disposition under Section 16. After these transactions, Braun directly owned 17,165.5828 shares of Dorman Products common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Braun Joseph P.
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,665 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,640 | $127.73 | $209K |
Holdings After Transaction:
Common Stock — 18,805.583 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 DORM executive Joseph P. Braun report on this Form 4?
Joseph P. Braun reported a grant-related acquisition and a tax-withholding disposition of Dorman Products common stock. He acquired 3,665 shares through settlement of performance-based restricted stock units and disposed of 1,640 shares that were withheld to satisfy tax obligations tied to vesting equity awards.
How does the Form 4 describe the equity award reported for DORM’s Joseph P. Braun?
The Form 4 describes the 3,665-share acquisition as settlement of performance-based restricted stock units granted in fiscal 2023. These units relate to a 2023-2025 performance cycle, meaning the shares were delivered as part of a previously granted, performance-based long-term incentive award.
What does the tax-withholding disposition mean in Joseph P. Braun’s DORM Form 4?
The tax-withholding disposition reflects 1,640 shares withheld by Dorman Products when restricted stock units vested. The filing notes this withholding satisfied Braun’s tax obligations and is treated as a disposition of securities under Section 16, rather than an open-market sale transaction.