Steven L. Berman, a director at Dorman Products , Inc. (NASDAQ:DORM), recently sold a significant portion of his common stock holdings in the company. According to a recent SEC filing, Berman executed sales on January 17 and January 21, 2025, amounting to a total of $827,477. The timing is notable as Dorman's stock has shown remarkable strength, delivering a 53% return over the past year. InvestingPro data reveals the company currently trades near $130, maintaining strong momentum with a 29% gain over the past six months.
The sales were conducted in multiple transactions, with prices ranging from $130.6347 to $131.3405 per share. Following these transactions, Berman holds 819,605 shares directly. Additionally, he maintains indirect ownership of 100,000 shares through a trust and 24,769 shares via a 401(k) plan.
These transactions were made under a prearranged trading plan, known as a 10b5-1 plan, which allows insiders to set up a predetermined schedule for selling company stock.
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