Steven L. Berman, Director at Dorman Products (NASDAQ:) recently sold a significant portion of its common stock in the company. According to a recent SEC filing, Berman executed sales on January 17 and January 21, 2025, for a total value of $827,477. The timing is notable as Dorman stock has shown notable strength, returning 53% over the past year. InvestingPro Data reveals that the company is currently trading near $130, maintaining strong momentum with gains of 29% over the past six months.
The sales were made in multiple transactions, with prices ranging from $130.6347 to $131.3405 per share. Following these transactions, Berman directly owns 819,605 shares. In addition, he maintains indirect ownership of 100,000 shares through a trust and 24,769 shares through a 401(k) plan.
These transactions were conducted 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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