Form 4: Dorman Products Director Steven L. Berman Reports Tax Withholding Share Disposition
SEC Form 4 Filing
Director Steven L. Berman reports disposition of 270 shares of Dorman Products stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 2, 2024, Steven L. Berman, a director of Dorman Products, Inc., disposed of 270 shares of common stock at a price of $93.22 per share to cover tax withholding obligations.
- The shares were withheld by the issuer upon the vesting of restricted stock units.
- Following the transaction, Berman directly owns 963,656 shares.
- Berman also indirectly owns 100,000 shares through a trust, 45,825 shares through a Charitable Remainder Trust and 25,412 shares through a 401(k).
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, reflecting a standard transaction related to tax obligations upon vesting of restricted stock units. Such filings are common and provide transparency into insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small disposition of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Date of transaction: Disposition of 270 shares for tax withholding. |
| 03/01/2024 | Reporting person had 16,355 units in the Issuer's 401(k) Retirement Plan and Trust, which units consisted of 25,412 shares of common stock. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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