Form 4: Dorman Products SVP Borradaile Reports Tax-Related Stock Disposition
SEC Form 4 Filing
Brian Borradaile, SVP of Strategy & Corporate Development at Dorman Products, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 4, 2025, Brian Borradaile, SVP of Strategy & Corporate Development at Dorman Products, Inc., reported a transaction involving common stock.
- A total of 393 shares were disposed of at a price of $130.25 per share.
- This disposition was due to the withholding of shares by the issuer to satisfy tax obligations related to the vesting of restricted stock units.
- Following the transaction, Borradaile directly owns 7,061 shares of Dorman Products, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing relates to the disposition of shares to cover tax obligations, which is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of the stock transaction (disposition of shares). |
| 03/05/2025 | Date of the signature on the Form 4 filing. |
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