Olsen Kevin M. 4

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.