Steven L. Berman - Mar 2, 2022 Form 4 Insider Report for Dorman Products, Inc. (DORM)

Role
Executive Chairman, Director
Signature
/s/ Frank J. Mahr by Power of Attorney
Stock symbol
DORM
Transactions as of
Mar 2, 2022
Transactions value $
-$17,923
Form type
4
Date filed
3/4/2022, 02:23 PM
Previous filing
Dec 14, 2021
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DORM Common Stock Tax liability -$17.9K -186 -0.02% $96.36 992K Mar 2, 2022 Direct F1
transaction DORM Common Stock Award $0 +762 +0.08% $0.00 993K Mar 2, 2022 Direct F2
holding DORM Common Stock 54.8K Mar 2, 2022 By Charitable Remainder Trust
holding DORM Common Stock 24.9K Mar 2, 2022 By 401(k) F3
holding DORM Common Stock 100K Mar 2, 2022 By trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DORM Employee Stock Option (right to buy) Award $0 +2.27K $0.00 2.27K Mar 2, 2022 Common Stock 2.27K $96.36 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Grant of restricted stock units representing a contingent right to receive shares of Dorman common stock. The restricted stock units will vest in four equal annual installments beginning on March 2, 2023, which is the first anniversary of the date of grant.
F3 The shares are represented by units held in a unitized stock fund through the Issuer's 401(k) Retirement Plan and Trust. The unitized stock fund of the Issuer's 401(k) Retirement Plan and Trust consists of cash and common stock in amounts that vary from time to time. As of March 2, 2022, the Reporting Person had 16,394 units in the Issuer's 401(k) Retirement Plan and Trust, which units consisted of 24,904 shares of common stock. The number of units held by the reporting person in the Issuer's 401(k) Retirement Plan and Trust has decreased due to fees withheld by the plan administrator.
F4 These shares are held in trust for the benefit of the reporting person's grandchildren. The reporting person's spouse is a co-trustee of the trust. The reporting person disclaims beneficial ownership of the shares held by such trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the trust's shares for purposes of Section 16 or for any other purpose.
F5 The option vests in four equal annual installments beginning on March 2, 2023, which is the first anniversary of the date of grant.

Remarks:

The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.