Form 4: Patrick Industries CEO Andy Nemeth Sells 5,000 Shares of Common Stock
SEC Form 4 Filing
Patrick Industries' CEO, Andy Nemeth, executed a sale of 5,000 common stock shares on March 1, 2024, at a price of $118 per share.
Summary
- On March 1, 2024, Andy L. Nemeth, the CEO of Patrick Industries Inc. (PATK), sold 5,000 shares of the company's common stock.
- The sale price was $118 per share.
- Following the transaction, Nemeth directly owns 279,619 shares of Patrick Industries Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook, but the market may interpret it in various ways.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like CEOs, buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the stock sale transaction. |
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