Form 4: Dorman Products Director Steven L. Berman Reports Tax Withholding Share Disposition

Director Steven L. Berman reports disposition of shares to cover tax obligations upon vesting of restricted stock units, along with holdings in a trust and 401(k).

Summary

• On March 2, 2025, Steven L. Berman, a director of Dorman Products, Inc., reported a transaction involving the disposition of 105 shares of common stock to cover tax withholding obligations.
• The shares were withheld by the issuer upon the vesting of restricted stock units at a price of $131.46 per share.
• Following the transaction, Berman directly owns 761,752 shares of Dorman Products, Inc.
• Berman also indirectly owns 100,000 shares through a trust for his grandchildren and 25,125 shares through the company's 401(k) Retirement Plan and Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US and are required by the SEC.
• Similar filings can be observed for directors and officers of comparable companies like LKQ Corporation and Genuine Parts Company.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares compared to the total outstanding shares.

Key Dates