Dorman (DORM) CEO Kevin Olsen Exercises Options

What Happened
Kevin M. Olsen, President, CEO and Director of Dorman Products (DORM), exercised stock options on 2026-09-09. He exercised two option tranches totaling 16,446 shares (4,749 shares @ $82.03 = $389,560; 11,697 shares @ $61.68 = $721,471), representing roughly $1.11 million in intrinsic option value. To satisfy the exercise price and withholding tax obligations, 11,923 shares were withheld (reported as a disposition for value of $1,509,452). The net result: 16,446 shares were issued on exercise and 11,923 of those were surrendered to cover costs/taxes, leaving Olsen with a net increase of 4,523 shares.

Key Details

• Transaction date: 2026-09-09; filing date: 2026-09-11.
• Exercises: 4,749 shares @ $82.03 ($389,560) and 11,697 shares @ $61.68 ($721,471) — total acquired 16,446 shares (~$1.11M). (SEC code M = option exercise/conversion.)
• Withholding/payment: 11,923 shares withheld/removed to cover exercise price and taxes, valued at $126.60/share (~$1.51M). (SEC code F = payment of exercise price/tax withholding.)
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 confirms shares were withheld to cover exercise price and withholding taxes. F2 and F3 note the options vested in four equal annual installments beginning in March 2020 and March 2021 (i.e., these were previously-granted, vested options).
• Filing timeliness: filed two days after the transaction (filed 9/11 for 9/9 transaction).

Context
This was an option exercise of previously granted, vested awards (not an open-market purchase). Because shares were withheld to cover costs and taxes, the exercise functioned effectively as a partially cashless exercise: not all issued shares were retained by Olsen. The filing also includes the standard disclaimer that its submission is not an admission of beneficial ownership. Exercises like this are common for executives cashing out vested option value and do not by themselves indicate a change in insider sentiment.