4/A: Patrick Industries CFO Andrew Roeder Reports Stock Adjustment for Tax Obligations
SEC Filing (Form 4/A)
Andrew Roeder, EVP Finance, CFO & Treasurer of Patrick Industries, reports an adjustment to common stock holdings to cover tax obligations related to vested stock awards.
Summary
- Andrew Roeder, the EVP Finance, CFO & Treasurer of Patrick Industries, filed an amendment to a previous Form 4.
- The report details a transaction on March 5, 2025, where 200 shares of common stock were disposed of to cover tax withholding obligations.
- The shares were related to a time-based stock award that vested on the same date.
- The price per share was $86.66.
- Following the transaction, Roeder directly owns 35,805 shares of Patrick Industries common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving stock-based compensation.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This filing indicates routine tax-related stock adjustments.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard adjustment for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of stock transaction and vesting of stock award |
| 03/07/2025 | Date of original filing (amended) |
| 03/20/2025 | Date of signature on the report |
Keywords
Form 4, Patrick Industries, PATK, Andrew Roeder, Stock Adjustment, Tax Withholding, EVP Finance, CFO, Treasurer, Beneficial Ownership
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