Form 4: PATK SVP Finance Sells Shares for Tax Obligation

Patrick Industries' SVP Finance and CAO, Matthew S. Filer, disposed of 287 shares of common stock to cover tax liabilities from a vested stock grant.

Summary

• Matthew S. Filer, SVP Finance and CAO of Patrick Industries Inc. (PATK), reported a transaction on January 26, 2026.
• Filer disposed of 287 shares of common stock at a price of $128.92 per share.
• The disposition was made 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, Matthew S. Filer beneficially owns 14,521 shares of Patrick Industries common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale to cover tax obligations from a vested stock grant, which is a neutral event with no material impact on the company's fundamentals or the reporting person's long-term holdings.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction related to compensation and tax obligations, which is common across all industries for executives receiving equity-based awards. It does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's confidence or a significant reduction in overall holdings.
• Employees: No direct impact beyond the reporting person.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary 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 signal a change in the company's fundamental outlook or management's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance is maintained based on existing company fundamentals.

Keywords

PATRICK INDUSTRIES, PATK, Form 4, Insider Transaction, Stock Grant, Tax Withholding, SVP Finance, CAO