Form 4: Dorman Products SVP and General Counsel Reports Changes in Beneficial Ownership

Joseph P. Braun, SVP and General Counsel of Dorman Products, Inc., reports acquisition and disposition of company stock, including shares withheld for tax obligations and a grant of restricted stock units.

Summary

• On March 2, 2024, 480 shares of Dorman Products, Inc. common stock were disposed of by Joseph P. Braun to cover tax withholding obligations at a price of $93.22 per share.
• On March 4, 2024, Mr. Braun acquired 3,709 shares of Dorman Products, Inc. common stock through a grant of restricted stock units at a price of $0.
• Following these transactions, Mr. Braun beneficially owns 13,773.5828 shares of Dorman Products, Inc. common stock.
• The restricted stock units will vest in three equal annual installments starting on March 4, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Positives

• The grant of restricted stock units to a key executive aligns their interests with the long-term performance of the company.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning on March 4, 2025.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock movements.

Key Dates