Form 4: PATK Officer Sells Shares for Tax Withholding
Insider Transaction Report
Patrick Industries' Chief Legal Officer, Joel D. Duthie, disposed of 603 shares of common stock to cover tax obligations related to a vested stock grant.
Summary
- Joel D. Duthie, Chief Legal Officer and Secretary of Patrick Industries Inc. (PATK), reported a transaction on January 26, 2026.
- The transaction involved the disposition of 603 shares of common stock.
- These shares were returned to the company to satisfy tax withholding obligations associated with a time-based stock grant.
- The stock grant was originally awarded in January 2023 and became fully vested in January 2026.
- The disposition price per share was $128.92.
- Following this transaction, Joel D. Duthie directly beneficially owns 38,495 shares of Patrick Industries Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine administrative transaction (disposition of shares for tax withholding upon vesting of a stock grant) and does not indicate a change in company performance or insider sentiment, thus maintaining a neutral sentiment.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This is a routine insider transaction related to compensation and tax obligations, which is common across all industries for executives receiving equity grants. It does not provide specific insights into broader industry trends or competitive positioning for Patrick Industries Inc.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction by an insider to cover tax liabilities on vested equity, not indicative of a change in investment sentiment.
- Company: The company receives 603 shares back, which is a negligible amount relative to total outstanding shares and has no material impact on corporate operations or capital structure.
Key Dates
| Date | Description |
|---|---|
| January 2023 | Time-based stock grant awarded to Joel D. Duthie. |
| 01/26/2026 | Stock grant fully vested and shares disposed to satisfy tax withholding obligation. |
| 01/28/2026 | Date of filing of the Statement of Changes in Beneficial Ownership. |
Keywords
Patrick Industries, PATK, Insider Transaction, Form 4, Stock Grant, Tax Withholding, Joel D. Duthie, Chief Legal Officer
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.