Form 4: Dorman Products Executive Reports Stock Transactions Following RSU Settlement
SEC Form 4 Filing
John McKnight, President of Heavy Duty at Dorman Products, reports acquisition and disposition of company stock related to the settlement of performance-based restricted stock units and tax withholding obligations.
Summary
- On February 20, 2025, John McKnight, President of Heavy Duty at Dorman Products, Inc., acquired 2,266 shares of common stock due to the settlement of performance-based restricted stock units (RSUs) granted in fiscal year 2022 for the 2022-2024 performance cycle.
- On the same day, McKnight disposed of 1,029 shares to cover tax withholding obligations related to the vesting of the RSUs at a price of $126.49 per share.
- Following these transactions, McKnight directly owns 12,139.1061 shares of Dorman Products, Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation practices and stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of stock acquisition and disposition. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Dorman Products, John McKnight, Form 4, Stock Transaction, Restricted Stock Units, Tax Withholding, Beneficial Ownership, DORM
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