Form 4: Dorman Products Director, G. Michael Stakias, Receives Restricted Stock Units

Director G. Michael Stakias of Dorman Products Inc. was granted 1,471 restricted stock units on June 3, 2024, which will vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting.

Summary

• On June 3, 2024, G. Michael Stakias, a director of Dorman Products Inc., received 1,471 restricted stock units.
• These units represent a contingent right to receive shares of Dorman common stock.
• The restricted stock units will vest fully on the earlier of June 3, 2025, or the date of the company's next annual meeting of shareholders.
• Following this transaction, Stakias directly owns 13,736 shares of Dorman Products Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The restricted stock units will vest in full on the earlier of the first anniversary of the date of grant or the date of the Company's next annual meeting of shareholders.

Industry Context

Grants of restricted stock units are a common form of executive compensation used to align management's interests with those of shareholders.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Key Dates