Form 4: Dorman Products Director Steven L. Berman Sells Shares

Director Steven L. Berman of Dorman Products, Inc. reports selling shares of common stock in a series of transactions between September 16 and September 17, 2024.

Summary

• Steven L. Berman, a director at Dorman Products, Inc., sold shares of the company's common stock on September 16 and 17, 2024.
• On September 16, 2024, he sold 15,401 shares at an average price of $115.41 and 12,231 shares at an average price of $116.11.
• On September 17, 2024, he sold 23,152 shares at an average price of $117.03, 5,714 shares at an average price of $117.97, and 2,431 shares at an average price of $119.
• Following these transactions, Berman directly owns 904,727 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: The document is a standard SEC filing reporting stock sales by a company director, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider and is a common occurrence.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by shareholders, potentially leading to a slight decrease in stock price, although the impact is likely minimal given the relatively small volume of shares sold compared to the total outstanding.

Key Dates