Dorman Products, Inc. 10-Q

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Equity Securities During the three months ended June 25, 2022, we purchased shares of our common stock as follows: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (4) Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (4) March 27, 2022 through April 23, 2022 (1) 31,756 $ 95.41 31,450 $ 133,036,702 April 24, 2022 through May 21, 2022 (2) 41,735 $ 97.29 36,250 $ 129,511,749 May 22, 2022 through June 25, 2022 (3) 2,450 $ 101.14 — $ 129,511,749 Total 75,941 67,700 $ 129,511,749 (1) Includes 306 shares of our common stock withheld from participants for income tax withholding purposes in connection with the vesting of restricted stock awards (“RSAs”) during the period. The RSAs were granted to participants in prior periods pursuant to our 2018 Stock Option and Stock Incentive Plan (the “2018 Plan”). ( 2 ) Includes 241 shares of our common stock withheld from participants for income tax withholding purposes in connection with the vesting of RSAs during the period. The RSAs were granted to participants in prior periods pursuant to the 2018 Plan. Also includes 5,244 shares purchased from the Dorman Products, Inc. 401(k) Retirement Plan and Trust (the “401(k) Plan”) (as described in Note 12, “Common Stock Repurchases,” to the Notes to Condensed Consolidated Financial Statements). ( 3 ) Includes 73 shares of our common stock withheld from participants for income tax withholding purposes in connection with the vesting of RSAs during the period. The RSAs were granted to participants in prior periods pursuant to our 2008 Stock Option and Stock Incentive Plan (the “2008 Plan”). Also includes 2,377 purchased from the 401(k) Plan. ( 4 ) On December 12, 2013 we announced that our Board of Directors authorized a share repurchase program, authorizing the repurchase of up to $10 million of our outstanding common stock by the end of 2014. Through several expansions and extensions, our Board of Directors has expanded the program to $500 million and extended the program through December 31, 2022. Amounts shown assume that the program expansion was effective at the beginning of the period indicated. Under this program, share repurchases may be made from time to time depending on market conditions, share price, share availability and other factors at our discretion. In July 2022, the Company’s Board of Directors authorized a $100 million increase and two-year extension to the Company’s share repurchase program, raising the aggregate authorization under the program to $600 million and extending it through December 31, 2024. ITEM 3. Defaults Upon Senior Securities None 23 ITEM 4. Mine Saf ety Disclosures Not Applicable