Kip B. Ellis - Jan 28, 2025 Form 4 Insider Report for PATRICK INDUSTRIES INC (PATK)

Role
President-Powersports/ Housing
Signature
/s/ Kip B. Ellis by Joel D. Duthie, attorney-in-fact
Stock symbol
PATK
Transactions as of
Jan 28, 2025
Transactions value $
-$697,993
Form type
4
Date filed
1/30/2025, 08:38 PM
Previous filing
Jan 29, 2025
Next filing
Feb 27, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATK Common Stock Other $0 -8.57K -5.75% $0.00 140K Jan 28, 2025 Direct F1
transaction PATK Common Stock Tax liability -$698K -7.27K -5.18% $96.01 133K Jan 28, 2025 Direct F2
transaction PATK Common Stock Award $0 +11.7K +8.76% $0.00 145K Jan 28, 2025 Direct F3
transaction PATK Common Stock Award $0 +2.92K +2.01% $0.00 148K Jan 28, 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an adjustment to the number of shares that the reporting owner is entitled to upon vesting in January 2025 of a performance-based grant originally awarded in January 2022.
F2 Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in January 2022 that vested after three years upon the achievement of target Company objectives.
F3 Shares are performance-based and vest after three years upon achievement of target Company objectives.
F4 Annual Management time-based grant awarded January 2025 and vesting in January 2028.