Form 4: Dorman Products Director Steven L. Berman Sells Shares in January 2025
SEC Form 4 Filing
Director Steven L. Berman sold Dorman Products shares on January 22nd and 23rd, 2025, according to a Form 4 filing.
Summary
- Steven L. Berman, a director at Dorman Products, Inc., reported the sale of company stock in a Form 4 filing with the SEC.
- On January 22, 2025, he sold 2,633 shares at a weighted average price of $130.0163.
- On January 23, 2025, he sold another 2,633 shares at a weighted average price of $130.5612.
- Following these transactions, Berman directly owns 814,339 shares of Dorman Products.
- He also indirectly owns 100,000 shares through a trust and 24,769 shares through a 401(k) plan.
- The filing clarifies that it should not be construed as an admission of beneficial ownership for all reported securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may interpret the stock sales as a signal, although the filing includes a disclaimer regarding beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | As of this date, the reporting person had 16,343 units in the Issuer's 401(k) Retirement Plan and Trust, which units consisted of 24,769 shares of common stock. |
| 01/22/2025 | Steven L. Berman sold 2,633 shares of Dorman Products at a weighted average price of $130.0163. |
| 01/23/2025 | Steven L. Berman sold 2,633 shares of Dorman Products at a weighted average price of $130.5612. |
| 01/24/2025 | Date of the Form 4 filing. |
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