Form 4: Director Acquires Patrick Industries Stock

Denis G. Suggs, a Director at Patrick Industries Inc., acquired 1,594 shares of common stock through an annual director's stock grant.

Summary

• Denis G. Suggs, a Director at Patrick Industries Inc. (PATK), acquired 1,594 shares of common stock on May 14, 2026.
• This acquisition was part of an annual director's stock grant.
• The shares were awarded at a price of $0, indicating a non-cash compensation.
• These shares are subject to vesting on May 14, 2027.
• Following this transaction, Mr. Suggs beneficially owns 20,338 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine stock grant to a director rather than a significant financial event or strategic shift.

Positives

• Director Denis G. Suggs received an annual stock grant, indicating continued alignment of management and director interests with shareholders.
• The acquisition of 1,594 shares by a director suggests confidence in the company's future prospects.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. However, the stock grant awarded to a director implies a long-term perspective on the company's value.

Industry Context

StockSavvy.ai notes that director stock grants are a common practice in the manufacturing and industrials sector to incentivize long-term performance and align executive interests with shareholders. This type of award is standard for companies like Patrick Industries.

Stakeholder Impact

• Shareholders: The stock grant reinforces the alignment of director interests with shareholders, potentially signaling confidence in future company performance.

Next Steps

• The awarded shares will vest on May 14, 2027.

Key Dates

Keywords

Patrick Industries, PATK, Form 4, Stock Grant, Director Compensation, Beneficial Ownership, SEC Filing