Steven L. Berman, a director at Dorman Products , Inc. (NASDAQ:DORM), has recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Berman disposed of 11,351 shares of common stock over two days, December 16 and 17, 2024. The sale comes as Dorman Products, with a market capitalization of $3.96 billion, has seen its stock surge 66.68% over the past year.
The sales were executed at prices ranging from $133.82 to $137.26 per share, resulting in a total transaction value of approximately $1,545,737. Following these transactions, Berman retains direct ownership of 864,805 shares in Dorman Products. InvestingPro data shows the stock currently trades at $129.89, near its 52-week high of $146.60, with a P/E ratio of 21.99.
In addition to his direct holdings, Berman holds shares indirectly through various trusts and retirement plans, including 100,000 shares by trust, 45,825 shares by a Charitable Remainder Trust, and 24,554 shares by a 401(k) plan.
These transactions were conducted under a pre-arranged trading plan, as indicated by the filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.