Form 4: Patrick Industries CEO Andy Nemeth Sells Shares in February 2024
SEC Form 4 Filing
CEO Andy Nemeth of Patrick Industries sold 15,000 shares of common stock in February 2024.
Summary
- Andy Nemeth, the CEO of Patrick Industries Inc., reported the sale of company stock.
- On February 23, 2024, Nemeth sold 10,000 shares of common stock at a price of $115.0038 per share.
- On February 27, 2024, Nemeth sold an additional 5,000 shares at $116.5 per share.
- Following these transactions, Nemeth directly owns 284,619 shares of Patrick Industries Inc.
- The sales were executed as regular market sales.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales by an insider. It doesn't inherently indicate positive or negative sentiment, but the market may interpret it based on their own analysis.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they don't always indicate a negative outlook.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially affecting the stock price.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Andy Nemeth sold 10,000 shares of Patrick Industries stock. |
| 02/27/2024 | Andy Nemeth sold 5,000 shares of Patrick Industries stock. |
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