Form 4: Patrick Industries CEO Andy Nemeth Gifts 1,000 Shares of Common Stock

Patrick Industries CEO Andy Nemeth gifted 1,000 shares of common stock, resulting in a total of 242,119 shares beneficially owned.

Summary

• Andy Nemeth, the Chief Executive Officer of Patrick Industries, gifted 1,000 shares of the company's common stock.
• The transaction occurred on December 11, 2024.
• The shares were gifted, meaning no price was associated with the transaction.
• Following the transaction, Mr. Nemeth beneficially owns 242,119 shares of Patrick Industries common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction, with no positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to insider transactions and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Insider transactions are common and are regularly reported by public companies.
• The gifting of shares is not unusual and can be part of personal financial planning or charitable giving.
• The level of ownership is not unusual for a CEO of a company of this size.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a gift of shares and does not change the total number of outstanding shares.

Key Dates

Keywords

Patrick Industries, Andy Nemeth, stock gift, insider transaction, beneficial ownership, common stock