Steven L. Berman - Mar 2, 2023 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, 2023
Transactions value $
-$89,888
Form type
4
Date filed
3/6/2023, 04:23 PM
Previous filing
Feb 24, 2023
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DORM Common Stock Tax liability -$24.6K -269 -0.03% $91.28 997K Mar 2, 2023 Direct F1
transaction DORM Common Stock Options Exercise $262K +3.62K +0.36% $72.55 1M Mar 3, 2023 Direct
transaction DORM Common Stock Sale -$328K -3.62K -0.36% $90.62 997K Mar 3, 2023 Direct F2
holding DORM Common Stock 49.9K Mar 2, 2023 By Charitable Remainder Trust
holding DORM Common Stock 24.8K Mar 2, 2023 By 401(k) F3
holding DORM Common Stock 100K Mar 2, 2023 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) Options Exercise $0 -3.62K -72.15% $0.00 1.4K Mar 3, 2023 Common Stock 3.62K $72.55 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.50 to $90.86. The reporting person undertakes to provide to Dorman Products, Inc., any security holder of Dorman Products, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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, 2023, the Reporting Person had 16,374 units in the Issuer's 401(k) Retirement Plan and Trust, which units consisted of 24,755 shares of common stock.
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, representing a right to purchase a total of 5,012 shares, vested in four equal annual installments beginning on March 7, 2019, which was 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.