Form 4: Dorman Products Director Sells 130 Shares in Open Market Transaction

A Dorman Products director, Steven L. Berman, sold 130 shares of common stock at a weighted average price of $135.001 on December 18, 2024.

Summary

• Steven L. Berman, a director at Dorman Products, Inc., sold 130 shares of common stock on December 18, 2024.
• The sale was executed at a weighted average price of $135.001 per share.
• The shares were sold in multiple transactions with prices ranging from $135.000 to $135.060.
• Following the transaction, Mr. Berman directly owns 864,675 shares of Dorman Products stock.
• He also indirectly owns 100,000 shares through a trust, 45,825 shares through a Charitable Remainder Trust, and 24,554 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine stock sale by a company director. There is no indication of positive or negative sentiment.

Management Comments

• The reporting person disclaims beneficial ownership of the shares held by the 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.
• The filing of this Statement shall not be construed as an admission 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 equity securities covered by this Statement, or that this Statement is legally required to be filed by such person.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The sale of 130 shares by a director is a relatively small transaction and is not unusual.
• The price range of $135.000 to $135.060 is typical for open market transactions.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but the transaction is small and likely not significant.

Key Dates

Keywords

Dorman Products, insider trading, Form 4, stock sale, director, equity securities, beneficial ownership