Braun Joseph P. 4

What Happened
Joseph P. Braun, Senior Vice President and General Counsel of Dorman Products (DORM), received 3,665 performance-based restricted shares on 2026-02-19 (award). Concurrently, 1,640 shares were withheld by the company to satisfy his tax withholding obligations; those withheld shares are treated as a disposition and were valued at $127.73 each (total ~$209,477). The award represents settlement of performance-based RSUs granted in fiscal 2023 for the 2023–2025 performance cycle.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (appears filed within normal reporting window).
• Award: 3,665 shares (code A) recorded at $0.00 (grant/settlement).
• Tax withholding/disposition: 1,640 shares (code F) withheld at $127.73 each; total value reported $209,477.
• Footnotes: F1 confirms these were performance-based RSUs for 2023–2025; F2/remarks note shares were withheld by the issuer to satisfy tax withholding and such withholding is treated as a disposition under Section 16.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This was an RSU settlement (an award), not an open-market sale or a buy. The withholding of 1,640 shares is a routine, administrative action to cover tax obligations (often called a cashless or share-withholding settlement) and is reported as a disposition for reporting purposes—it does not necessarily indicate the insider sold shares on the open market.