1,344-share award lifts Dorman Products (DORM) director equity stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BERMAN STEVEN L reported acquisition or exercise transactions in this Form 4 filing.
Dorman Products director Steven L. Berman reported an equity compensation grant and updated share holdings. He received 1,344 restricted stock units, valued at $122.71 per share, that vest in full on the earlier of the first anniversary of grant or the company’s next annual shareholder meeting.
Following this grant, Berman directly holds 761,787 shares of common stock. He also has indirect interests including 24,015 shares held through a 401(k) unitized stock fund as of June 1, 2026, and 100,000 shares in a trust for his grandchildren, for which he formally disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
BERMAN STEVEN L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,344 | $122.71 | $165K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 761,787 shares (Direct, null);
Common Stock — 100,000 shares (Indirect, By trust)
Footnotes (1)
- Grant of restricted stock units representing a contingent right to receive shares of Dorman common stock. The restricted stock units will vest in full on the earlier of the first anniversary of the date of grant or the date of the Company's next annual meeting of shareholders. These shares are held in trust for the benefit of the reporting person's grandchildren. The reporting person's spouse is a co-trustee of the trust. The reporting person disclaims beneficial ownership of the shares held by such trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the trust's shares for purposes of Section 16 or for any other purpose. The shares are represented by units held in a unitized stock fund through the Issuer's 401(k) Retirement Plan and Trust. The unitized stock fund of the Issuer's 401(k) Retirement Plan and Trust consists of cash and common stock in amounts that vary from time to time. As of June 1, 2026, the reporting person had 16,340 units in the Issuer's 401(k) Retirement Plan and Trust, which units consisted of 24,015 shares of common stock.
Key Figures
Restricted stock unit grant: 1,344 units
Grant reference price: $122.71 per share
Direct holdings after grant: 761,787 shares
+3 more
6 metrics
Restricted stock unit grant
1,344 units
Equity award to director on June 1, 2026
Grant reference price
$122.71 per share
Price associated with RSU grant
Direct holdings after grant
761,787 shares
Common stock held directly following RSU award
401(k) units
16,340 units
Units in Dorman 401(k) unitized stock fund as of June 1, 2026
401(k) share equivalent
24,015 shares
Common shares represented by 401(k) units as of June 1, 2026
Grandchildren’s trust holdings
100,000 shares
Trust shares for grandchildren; beneficial ownership disclaimed
Key Terms
restricted stock units, 401(k) Retirement Plan and Trust, unitized stock fund, beneficial ownership, +1 more
5 terms
restricted stock units financial
"Grant of restricted stock units representing a contingent right to receive shares of Dorman common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
401(k) Retirement Plan and Trust financial
"The shares are represented by units held in a unitized stock fund through the Issuer's 401(k) Retirement Plan and Trust."
unitized stock fund financial
"The unitized stock fund of the Issuer's 401(k) Retirement Plan and Trust consists of cash and common stock in amounts that vary from time to time."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the shares held by such trust, and this report should not be deemed an admission that the reporting person is the beneficial owner."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"This report should not be deemed an admission that the reporting person is the beneficial owner of the trust's shares for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Dorman Products (DORM) director Steven Berman report in this Form 4?
He reported a grant of 1,344 restricted stock units of Dorman common stock at $122.71 per share. The filing also updates his direct and indirect share holdings, including 761,787 directly held shares and additional indirect interests.
How do Steven Berman’s new restricted stock units at Dorman (DORM) vest?
The 1,344 restricted stock units vest in full on the earlier of the first anniversary of the grant date or the date of Dorman’s next annual meeting of shareholders. This structure ties vesting to either time-based service or the next shareholder meeting.
What does the Form 4 say about Steven Berman’s Dorman (DORM) 401(k) holdings?
The filing states that as of June 1, 2026, Berman held 16,340 units in Dorman’s 401(k) unitized stock fund, representing 24,015 shares of common stock. The fund combines cash and stock, so the exact share amount can fluctuate over time.
Is Steven Berman’s Form 4 grant at Dorman (DORM) a market purchase or compensation?
The transaction is classified as a grant or award, not an open-market purchase. It represents restricted stock units granted as equity compensation, not shares acquired through buying in the market at prevailing prices.