Dorman Products (NASDAQ: DORM) director logs small tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dorman Products, Inc. director Lisa M. Bachmann reported a small tax-related share disposition tied to vested equity. On the vesting of restricted stock units, 33 shares of common stock were withheld by the company at $116.16 per share to cover her tax obligations, leaving her with 6,864 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bachmann Lisa M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 33 | $116.16 | $4K |
Holdings After Transaction:
Common Stock — 6,864 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 33 shares
Withholding price per share: $116.16 per share
Shares held after transaction: 6,864 shares
3 metrics
Shares withheld for taxes
33 shares
Withheld upon RSU vesting to satisfy tax obligations
Withholding price per share
$116.16 per share
Value used for 33 withheld common shares
Shares held after transaction
6,864 shares
Direct common stock holdings after tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, Section 16
3 terms
restricted stock units financial
"These shares were withheld by the Issuer upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"These shares were withheld by the Issuer upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations."
Section 16 regulatory
"Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Dorman Products (DORM) director Lisa Bachmann report on this Form 4?
Lisa M. Bachmann reported a small share disposition related to tax withholding. When her restricted stock units vested, 33 common shares were withheld by Dorman Products at $116.16 per share to satisfy tax obligations, as required under Section 16 reporting rules.
Was Lisa Bachmann’s Form 4 transaction in DORM an open-market sale?
No, the Form 4 describes tax-withholding, not an open-market sale. Dorman Products withheld 33 vested shares to cover Lisa Bachmann’s tax obligations, and this mandatory withholding is treated as a disposition under Section 16 but does not reflect a discretionary sale decision.
What does the tax-withholding disposition mean for DORM investors?
The disposition reflects routine tax withholding on equity compensation rather than a strategic sale. Dorman Products withheld 33 shares from Lisa Bachmann’s vested restricted stock units, a standard mechanism to pay taxes and a relatively small change versus her 6,864-share post-event holding.