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

Director Steven L. Berman of Dorman Products, Inc. reports selling shares of common stock in a series of transactions on January 17 and January 21, 2025.

Summary

• Steven L. Berman, a director of Dorman Products, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On January 17, 2025, Berman sold 2,775 shares of common stock at a weighted average price of $131.2169 per share.
• On January 21, 2025, he sold an additional 2,632 shares at a weighted average price of $130.6347 per share and 910 shares at a weighted average price of $131.3405 per share.
• Following these transactions, Berman directly owns 819,605 shares of Dorman Products, Inc.
• He also indirectly owns 100,000 shares through a trust and 24,769 shares through the company's 401(k) Retirement Plan and Trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock sales by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and provides transparency to the market.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by shareholders, although the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates