Hession David 4

What Happened
David Hession, Senior Vice President and Chief Financial Officer of Dorman Products (DORM), received 4,072 shares on 2026-02-19 as the settlement of performance-based restricted stock units (RSUs). Simultaneously, 1,889 shares were withheld by the company to satisfy tax withholding obligations; those withheld shares were reported as a disposition at $127.73 per share for proceeds of $241,282. The grant is reported as an award/acquisition (code A) and the withholding as a tax-related disposition (code F).

Key Details

• Transaction dates: 2026-02-19 (reported on Form 4 filed 2026-02-23). Filing appears to be within the 2-business-day reporting window.
• Award: 4,072 shares received (code A) at $0.00 acquisition price — settlement of performance-based RSUs for the 2023–2025 performance cycle (Footnote F1).
• Tax withholding/disposition: 1,889 shares withheld (code F) at $127.73/share — proceeds $241,282. Withholding treated as a disposition under Section 16 (Footnote F3).
• ESPP purchases referenced: report notes inclusion of prior ESPP acquisitions of 112.2087 shares (6/30/2025) and 83.5130 shares (12/31/2025) in the reported amounts (Footnote F2).
• Shares owned after the transaction: not specified in the information provided in this summary.

Context

• This was a settlement of performance-based RSUs (an award), not an open-market sale. The withholding of shares to cover taxes is common and is treated as a disposition for reporting purposes — it does not necessarily indicate an executive-initiated sale.
• Purchases (or award receipts) can be a stronger signal of insider confidence than routine tax-withholdings; here the primary action was receipt of RSUs with routine withholding to cover taxes.