Form 4: Dorman Products Director Richard T. Riley Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Richard T. Riley disposed of 47 shares of Dorman Products, Inc. to cover tax obligations related to vesting restricted stock units.
Summary
- On May 17, 2024, Richard T. Riley, a director of Dorman Products, Inc., disposed of 47 shares of common stock.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The transaction was executed at a price of $91.33 per share.
- Following the transaction, Riley directly owns 26,506 shares of Dorman Products, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares for tax obligations) by a company director, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Disposal of 47 shares of common stock. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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