Olsen Kevin M. 4
4 · Dorman Products, Inc. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Dorman (DORM) CEO Kevin Olsen Receives Award; Shares Withheld for Taxes
What Happened Kevin M. Olsen, President, CEO and a director of Dorman Products (DORM), had performance-based restricted stock units (RSUs) settle on Feb 19, 2026. He was issued 21,727 shares (award) at a $0 acquisition price. To satisfy tax withholding on the vesting, 9,464 shares were withheld (treated as a disposition) at $127.73 per share, totaling $1,208,837.
Key Details
- Transaction date: 2026-02-19 (reported on Form 4 filed 2026-02-23).
- Award: 21,727 shares granted/issued (acquisition code A) — acquisition price reported as $0.
- Tax withholding/disposition: 9,464 shares withheld (code F) at $127.73 each = $1,208,837. Withholding is treated as a disposition under Section 16.
- Additional shares: the filing notes 195.46130 shares were acquired under Dorman’s employee stock purchase plan since the last Form 4.
- Footnotes: F1 = settlement of performance-based RSUs for the FY2023–2025 performance cycle; F3 = shares withheld to satisfy tax obligations; F2 = ESPP purchases included.
- Shares owned after transaction: not specified in the information provided in this summary.
Context This was a settlement of performance-based RSUs (compensation), not an open-market purchase or sale by the insider. The withholding of shares to cover taxes is a common administrative action and is reported as a disposition for SEC reporting purposes; it does not necessarily indicate a voluntary sale for investment reasons.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-19+21,727→ 97,369.028 total - Tax Payment
Common Stock
[F3]2026-02-19$127.73/sh−9,464$1,208,837→ 87,905.028 total
Footnotes (3)
- [F1]Represents the settlement of performance-based restricted stock units granted in fiscal 2023 for the 2023-2025 performance cycle.
- [F2]The amount reported includes 195.46130 shares of Dorman common stock acquired by the Reporting Person under Dorman's employee stock purchase plan since the date of the Reporting Person's last Form 4.
- [F3]These shares were withheld by the Issuer upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations. Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended.