Form 4: Dorman Products Director Steven L. Berman Sells Shares
SEC Form 4
Director Steven L. Berman sold shares of Dorman Products, Inc. on September 24 and 25, 2024.
Summary
- Steven L. Berman, a director of Dorman Products, Inc., reported the sale of company stock.
- On September 24, 2024, he sold 1,331 shares at a weighted average price of $116.05.
- On September 25, 2024, he sold 515 shares at a weighted average price of $115.78.
- Following these transactions, Berman directly owns 879,452 shares of Dorman Products, Inc.
- He also indirectly owns 100,000 shares through a trust, 45,825 shares through a Charitable Remainder Trust, and 24,587 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in the market.
Stakeholder Impact
- The stock sale by a director could be perceived negatively by some shareholders, although it is a relatively small transaction in the context of the overall shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Reporting person had 16,343 units in the Issuer's 401(k) Retirement Plan and Trust, which units consisted of 24,587 shares of common stock. |
| 09/24/2024 | Steven L. Berman sold 1,331 shares of Dorman Products at a weighted average price of $116.05. |
| 09/25/2024 | Steven L. Berman sold 515 shares of Dorman Products at a weighted average price of $115.78. |
| 09/26/2024 | Date of signature for the Form 4 filing. |
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