Form 4: PATK Officer Gifts 450 Shares

Patrick Industries' Chief Legal Officer, Joel Duthie, gifted 450 shares of common stock, reducing his direct beneficial ownership to 39,098 shares.

Summary

• Joel D. Duthie, Chief Legal Officer and Secretary of Patrick Industries Inc. (PATK), reported a disposition of common stock.
• On August 15, 2025, Mr. Duthie gifted 450 shares of PATK common stock.
• The transaction was a gift, with a reported price of $0 per share.
• Following this transaction, Mr. Duthie directly beneficially owns 39,098 shares of Patrick Industries common stock.

Sentiment

Score: 5

Explanation: Neutral. A gift of shares by an officer is a personal transaction and typically has minimal impact on company sentiment. It's not a sale for cash, but it does reduce insider ownership slightly.

Negatives

• A reduction in insider ownership, even via gift, can sometimes be perceived negatively by investors as it slightly decreases management's direct stake in the company's performance.

Stakeholder Impact

• Minimal direct impact on shareholders, as the number of shares is small relative to total outstanding shares.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Patrick Industries, PATK, Form 4, Insider Transaction, Stock Gift, Joel Duthie, Chief Legal Officer, Beneficial Ownership