Form 4: Dorman Products SVP Brian Borradaile Reports Stock Transactions

Brian Borradaile, SVP of Strategy & Corp Dev at Dorman Products, reports the disposition of shares to cover tax obligations and the acquisition of restricted stock units.

Summary

• On March 2, 2025, Brian Borradaile disposed of 384 shares of Dorman Products common stock at a price of $131.46 per share to cover tax obligations related to vesting restricted stock units.
• On March 3, 2025, Borradaile acquired 1,143 restricted stock units, representing a contingent right to receive shares of Dorman common stock.
• Following these transactions, Borradaile beneficially owns 7,454 shares of Dorman Products common stock.
• The restricted stock units will vest in three equal annual installments starting on March 3, 2026.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral 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 3, 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through restricted stock units.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.

Key Dates