Form 4: Patrick Industries CEO Sells Shares for Tax Obligation

Patrick Industries CEO Andy L. Nemeth disposed of 5,365 shares of common stock to cover tax withholding on a vested stock grant.

Summary

• Andy L. Nemeth, Chief Executive Officer and Director of Patrick Industries Inc. (PATK), reported a transaction on January 26, 2026.
• The transaction involved the disposition of 5,365 shares of common stock at a price of $128.92 per share.
• This disposition was made to satisfy tax withholding obligations 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, Andy L. Nemeth beneficially owns 294,276 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding on a vested stock grant, which is a common occurrence for executives and does not indicate a positive or negative sentiment towards the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, and it does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not an open-market sale indicating a change in management's confidence.

Key Dates

Keywords

Patrick Industries, PATK, Form 4, Insider Transaction, Stock Grant, Tax Withholding, CEO