Bachmann Lisa M 4
Research Summary
AI-generated summary
Dorman (DORM) Director Lisa M. Bachmann Sells 33 Shares
What Happened
Lisa M. Bachmann, a director of Dorman Products, had 33 shares withheld by the company to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). The shares were withheld at a price of $116.16 per share, for a total value of $3,833. This withholding is treated as a disposition under Section 16 (transaction code F).
Key Details
- Transaction date: 2026-05-15; Filing date: 2026-05-19 (filed within the normal two business-day window).
- Shares withheld/disposed: 33 shares at $116.16 each; total value $3,833.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: Withholding was done by the issuer upon RSU vesting to satisfy tax obligations (treated as a disposition under Section 16).
- Remarks: Filing includes a standard disclaimer that it is not an admission of beneficial ownership or of a legal filing obligation.
Context
Tax-withholding dispositions (code F) are routine when RSUs vest and do not necessarily indicate the insider's view on the company's prospects. They are mechanically required to cover tax liabilities and are reported as sales under SEC rules.