Long Donna M. 4
Research Summary
AI-generated summary
Dorman (DORM) SVP/CIO Donna Long Receives Award; 1,230 Shares Withheld
What Happened
- Donna M. Long, Senior Vice President and Chief Information Officer of Dorman Products (DORM), had performance-based restricted stock units (RSUs) settle on 2026-02-19. She was issued 2,715 shares (reported as an award, code A at $0.00). To satisfy tax withholding obligations, 1,230 of those shares were withheld by the company (reported as a disposition, code F) at $127.73 per share, totaling $157,108.
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (covers the 2026-02-19 settlement).
- Awarded (acquired): 2,715 shares (performance-based RSUs; fiscal 2023–2025 cycle).
- Withheld/disposed: 1,230 shares withheld for taxes at $127.73/share = $157,108 (treated as a disposition under Section 16).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 = settlement of 2023 performance-cycle RSUs; F2 = shares withheld by issuer to satisfy tax withholding (treated as disposition).
- Filing timeliness: Form filed 4 days after the transaction date; filing date aligns with the reported transaction date and appears to be timely.
Context
- This was a routine settlement of performance-based RSUs, not an open-market purchase or sale. Withholding of shares to cover taxes is common and is reported as a disposition for disclosure purposes, but does not necessarily indicate a voluntary sale or change in insider sentiment.
- The filing also includes a standard disclaimer that it should not be construed as an admission of beneficial ownership for purposes of Section 16.