Form 4: Dorman Products SVP, CIO Donna M. Long Reports Stock Transactions
SEC Form 4 Filing
Donna M. Long, SVP and CIO of Dorman Products, Inc., reports the disposition of 345 shares for tax withholding and the acquisition of 3,658 restricted stock units.
Summary
- On March 2, 2024, Donna M. Long, SVP, CIO of Dorman Products, Inc., disposed of 345 shares of common stock at $93.22 per share to cover tax withholding obligations.
- On March 4, 2024, Long acquired 3,658 restricted stock units (RSUs) with a value of $0.
- Following these transactions, Long beneficially owns 20,986.8738 shares of Dorman Products, Inc.
- The RSUs vest in three equal annual installments starting on March 4, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to executive compensation and tax obligations. There is no indication of unusual or concerning activity.
Positives
- The grant of restricted stock units to a key executive suggests a continued investment in the company's leadership and future.
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 corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a top executive at Dorman Products.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Disposition of 345 shares for tax withholding. |
| 03/04/2024 | Grant of 3,658 restricted stock units. |
| 03/04/2025 | First vesting date of restricted stock units. |
| 03/05/2024 | Date of Form 4 filing. |
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