Form 4: PATK Executive Sells Shares for Tax Withholding

Patrick Industries' President of RV, Charles R. Roeder, sold 246 shares of common stock to cover tax obligations related to a vested stock grant.

Summary

• Charles R. Roeder, President RV of Patrick Industries Inc. (PATK), reported a transaction on January 26, 2026.
• The transaction involved the disposal of 246 shares of common stock at a price of $128.92 per share.
• The shares were returned to the company to satisfy the tax withholding obligation associated with a time-based stock grant.
• The original stock grant was awarded in January 2023 and became fully vested in January 2026.
• Following this transaction, Charles R. Roeder beneficially owns 29,782 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a neutral event, representing a routine tax withholding sale upon the vesting of a stock grant, which is a standard part of executive compensation and does not reflect a change in company fundamentals or executive sentiment.

Industry Context

This is a routine insider transaction related to executive compensation and does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, small-scale transaction for tax purposes and does not signal a change in company performance or executive confidence.

Key Dates

Recommendation

This Form 4 reports a routine sale of shares by an executive to cover tax obligations upon the vesting of a stock grant. Such transactions are common and do not typically indicate a change in the company's fundamentals or the executive's long-term view of the company. Therefore, it does not warrant a change in investment recommendation.

Keywords

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