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Richard N. Berman was the Chairman and CEO of Dorman Products, a company focused on the automotive parts industry. Sadly, he passed away on January 29, 2011, just a couple of days before his tenure was formally noted in the...

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Richard N. Berman

Ex-CEO of Dorman Products

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1940 - 85 years ago

CEO of Dorman Products for

10 years 0 months (Jan 2001 - Jan 2011)

Previous Experience

Long-term executive at Dorman Products

Rivals

Competitors/colleagues of Richard N. Berman

Holdings

See how much did Richard N. Berman make over time.

At the time of his passing, Richard N. Berman held approximately 2.5 million shares of Dorman Products, showcasing a deep commitment to the company. His stock ownership represented a considerable part of his wealth, which emphasized his belief in the...

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Total Stock Sold

$52.68M

DORM

$52.68M

1,630,856 DORM shares

What if they kept their stock?

If Richard N. Berman didn't sell their stock, today they would have:
Extra DORM1,630,856 shares worth $117.54M.
This is 123.13% and $64.86M more than what they got when they sold the stock.

Charitable Transactions

DORM

1,926,820 shares

DORM

Recent Charitable Transactions

DORM

38,250 shares

DORM

Dec 1, 2023

Charity

DORM

4,100 shares

DORM

Nov 20, 2023

Charity

DORM

7,083 shares

DORM

Nov 22, 2022

Charity

DORM

11,192 shares

DORM

Nov 30, 2021

Charity

DORM

100,000 shares

DORM

Oct 28, 2021

Charity

DORM

7,351 shares

DORM

Dec 31, 2020

Charity

Insider Trading

See recent insider trades of Richard N. Berman.

DORM

38,250 shares

DORM

Dec 1, 2023

Charity

DORM

4,100 shares

DORM

Nov 20, 2023

Charity

DORM

4,100 shares

DORM

Nov 20, 2023

Charity

DORM

$327.67K

DORM at $90.62/share

Mar 2, 2023

Sale

DORM

1,752 shares

DORM

Feb 22, 2023

Received

DORM

7,083 shares

DORM

Nov 22, 2022

Charity

DORM

4,845 shares

DORM

Nov 22, 2022

Charity

DORM

1,236 shares

DORM

Mar 6, 2022

Received

DORM

762 shares

DORM

Mar 2, 2022

Received

DORM

2,892 shares

DORM

Nov 30, 2021

Charity

Compensation History

See how much did Richard N. Berman make over time.

Richard N. Berman's total compensation for 2011 reached $724,248. However, it was mostly due to salary continuation payments and benefits following his death. He received a base salary of $43,935, but no bonuses or stock awards were fulfilled that year. His passing meant that while his formal role ceased, his impact on Dorman Products continued through the strategic direction he had set in his time. Richard's unique compensation reflects the company's philosophy of aligning executive compensation with performance and thread continuity in leadership during uncertain times.

Year

2011

Total Compensation

$724.25K

Salary

$43.94K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on retention and performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2011 due to the passing of Richard N. Berman in January 2011.

Other

$680.31K

Board Justification

Includes salary continuation payments, medical benefits, and other compensation as per the employment agreement following his passing.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2011 as Richard N. Berman passed away before any could vest.

Performance Metrics

The performance metrics for determining compensation were based on the company's growth in income before income taxes, adjusted for one-time or unusual items.

Other Dorman Products CEOs

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