Form 4: Dorman Products SVP, CHRO Scott Leff Reports Stock Transactions
SEC Form 4 Filing
Scott Leff, SVP, CHRO of Dorman Products, reports disposition of shares to cover tax obligations and acquisition of restricted stock units.
Summary
- On March 2, 2025, Scott Leff, SVP, CHRO of Dorman Products, Inc., disposed of 1,347 shares of common stock at a price of $131.46 per share to cover tax withholding obligations.
- Following this transaction, Leff directly owns 12,865.2428 shares of Dorman Products common stock.
- On March 3, 2025, Leff acquired 1,619 restricted stock units, representing a contingent right to receive shares of Dorman common stock.
- These restricted stock units will vest in three equal annual installments starting on March 3, 2026.
- After this transaction, Leff directly owns 14,484.2428 shares of Dorman Products common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects standard executive compensation and tax-related stock transactions.
Positives
- The grant of restricted stock units aligns the executive's 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
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and any recent changes.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/02/2025 | Disposition of 1,347 shares of common stock for tax withholding. |
| 03/03/2025 | Grant of 1,619 restricted stock units. |
| 03/03/2026 | First vesting date of restricted stock units. |
| 03/04/2025 | Date of Form 4 filing. |
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