Form 4: PATK Executive Sells Shares for Tax Obligation

Patrick Industries EVP & CHRO Stacey L. Amundson disposed of 362 shares of common stock to cover tax withholding obligations related to a vested stock grant.

Summary

• Stacey L. Amundson, Executive Vice President & Chief Human Resources Officer (EVP & CHRO) of Patrick Industries Inc. (PATK), reported a transaction on January 26, 2026.
• The transaction involved the disposition of 362 shares of common stock.
• These shares were returned to the company to satisfy tax withholding obligations.
• The tax obligation was associated with a time-based stock grant awarded in January 2023 that became fully vested in January 2026.
• The disposition occurred at a price of $128.92 per share.
• Following this transaction, Ms. Amundson beneficially owns 17,682 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax withholding purposes related to vested equity compensation. It does not reflect positive or negative sentiment regarding the company's future prospects.

Positives

• The transaction represents a routine event related to the vesting of executive compensation, indicating the successful fulfillment of a prior stock grant.

Negatives

• The disposition of shares, while for tax purposes, reduces the direct ownership stake of the executive by 362 shares.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies where executives receive equity compensation. It does not provide specific insights into broader industry trends or competitive landscape.

Comparison to Industry Standards

• The disposition of shares to cover tax withholding obligations upon the vesting of equity awards is a standard practice for executive compensation across various industries, including manufacturing and distribution, which Patrick Industries operates in. This mechanism is widely used to manage the tax implications of stock-based compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine transaction for tax purposes and does not indicate a change in management's confidence or strategic direction.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

Patrick Industries, PATK, Insider Transaction, Form 4, Stock Grant, Tax Withholding, Executive Compensation, Common Stock