Form 4: Dorman Products Executive John McKnight Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
John McKnight, President of Heavy Duty at Dorman Products, disposed of 455 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 4, 2025, John McKnight, President, Heavy Duty of Dorman Products, Inc., disposed of 455 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The shares were disposed of at a price of $130.25 per share.
- Following the transaction, McKnight directly owns 11,378.1061 shares of Dorman Products, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, so it has a neutral sentiment.
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 reason for stock disposals.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: John McKnight disposed of 455 shares of Dorman Products, Inc. common stock. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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