RILEY RICHARD T 4
Research Summary
AI-generated summary
Dorman (DORM) Director Richard T. Riley Receives RSU Award
What Happened
Richard T. Riley, a director of Dorman Products, Inc. (DORM), received a grant of 1,344 restricted stock units (RSUs) on 2026-06-01. The grant is reported at an imputed price of $122.71 per share, for a total grant value of $164,922. This was an award (grant) rather than an open-market purchase or sale; the RSUs represent a contingent right to receive common shares upon vesting.
Key Details
- Transaction type: Award/Grant (code A) of restricted stock units (RSUs).
- Transaction date: 2026-06-01; filing date: 2026-06-03 (appears timely within the typical 2-business-day Form 4 window).
- Shares/units: 1,344 RSUs granted at $122.71 per share (total value $164,922).
- Shares owned after transaction: Not reported in the provided excerpt.
- Notable footnote: The RSUs vest in full on the earlier of the first anniversary of grant or the Company's next annual meeting of shareholders.
- Filing remark: The filer states this filing should not be construed as an admission of beneficial ownership or as an admission that the filing was legally required.
Context
RSUs are a form of equity compensation that convert into actual shares only after vesting; until then they are subject to forfeiture if vesting conditions aren’t met. This grant signals compensation-related equity allocation to a director and is not a direct market purchase or sale. As with most grants, it should be viewed as compensation rather than a clear market sentiment indicator.