Form 4: PATK Executive's Stock Transactions Revealed

Patrick Industries EVP & CHRO Stacey L. Amundson reported a series of stock transactions, including new grants and tax-related dispositions, resulting in a net decrease in beneficial ownership.

Summary

• Stacey L. Amundson, Executive Vice President and Chief Human Resources Officer (EVP & CHRO) of Patrick Industries Inc. (PATK), reported multiple transactions involving common stock on January 27, 2026.
• An adjustment to a performance-based grant, originally awarded in January 2023 and vesting in January 2026, resulted in a disposition of 3,839 shares.
• 1,162 shares of common stock were disposed of to satisfy tax withholding obligations related to the vesting of a performance-based stock grant from January 2023, at a price of $129.93 per share.
• An annual management time-based grant of 808 shares was awarded, scheduled to vest in January 2029.
• An additional 3,233 performance-based shares were awarded, which will vest after three years upon the achievement of target company objectives.
• Following these transactions, Amundson's direct beneficial ownership of common stock stands at 16,722 shares.
• The net effect of these transactions is a decrease of 960 shares in beneficial ownership (4,041 shares acquired 5,001 shares disposed).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive disclosure. While there was a net decrease in shares due to tax withholding and an adjustment, the significant new grants reflect ongoing executive incentive alignment and are a positive signal for long-term commitment.

Positives

• The EVP & CHRO received new grants totaling 4,041 shares (808 time-based and 3,233 performance-based), indicating continued long-term incentive alignment with company performance.

Negatives

• A disposition of 3,839 shares occurred due to an adjustment in a performance-based grant.
• 1,162 shares were disposed of to cover tax withholding obligations, reducing the immediate beneficial ownership.
• The net effect of all reported transactions was a decrease of 960 shares in beneficial ownership.

Future Outlook

The filing indicates future vesting events for the newly awarded time-based grant in January 2029 and for the performance-based shares after three years, contingent on achieving target company objectives.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and ownership changes. These transactions, involving both vesting and new grants, are typical components of long-term incentive plans designed to align executive interests with shareholder value.

Stakeholder Impact

• Shareholders gain transparency into executive compensation structures and changes in insider ownership, which can inform their assessment of management's alignment with company performance.

Next Steps

• Vesting of the annual management time-based grant in January 2029.
• Vesting of the performance-based shares after three years, contingent on achieving target company objectives.

Key Dates

Recommendation

These transactions are part of a standard executive compensation package, involving the vesting of prior grants and the issuance of new ones. They do not indicate a significant change in the company's fundamental outlook or management's confidence beyond routine compensation activities, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

PATRICK INDUSTRIES, PATK, Form 4, Insider Transaction, Executive Compensation, Stock Grant, Beneficial Ownership, Performance-Based Stock, Tax Withholding