Form 4: Dorman Products SVP, CHRO Scott Leff Reports Stock Transactions

Scott Leff, SVP, CHRO of Dorman Products, reports the disposition of 386 shares for tax withholding and the acquisition of 3,718 restricted stock units.

Summary

• On March 2, 2024, Scott Leff, SVP, CHRO of Dorman Products, disposed of 386 shares of common stock at $93.22 per share to cover tax withholding obligations.
• Following this transaction, Leff directly owns 9,618.2428 shares of Dorman common stock.
• On March 4, 2024, Leff acquired 3,718 restricted stock units (RSUs) representing a contingent right to receive shares of Dorman common stock.
• These RSUs will vest in three equal annual installments starting on March 4, 2025.
• The amount reported includes 155.21 shares of Dorman common stock acquired by the Reporting Person under Dorman's employee stock purchase plan since the date of the Reporting Person's last Form 4.
• After these transactions, Leff beneficially owns 13,336.2428 shares of Dorman common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine stock transactions related to executive compensation and tax obligations.

Positives

• The grant of 3,718 restricted stock units to Scott Leff indicates a long-term incentive and alignment with the company's success.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning on March 4, 2025, indicating a multi-year incentive structure.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates standard compensation practices.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates