Form 4: Patrick Industries' Chief Legal Officer Sells 7,300 Shares

Joel D. Duthie, Chief Legal Officer and Secretary of Patrick Industries, Inc., sold 7,300 shares of common stock on February 7, 2025.

Summary

• On February 7, 2025, Joel D. Duthie, the Chief Legal Officer and Secretary of Patrick Industries Inc. (PATK), sold 7,300 shares of the company's common stock.
• The sale was executed at a weighted average price of $95.173 per share.
• Following the transaction, Duthie directly owns 39,548 shares of Patrick Industries Inc.
• The reporting person has undertaken to provide full information regarding the number of shares sold at each separate price within the range of $93.80 to $96.07 upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade 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

• The sale of shares by a high-ranking officer could be perceived negatively by some shareholders, as it might suggest a lack of confidence in the company's future performance, although it could also be due to personal financial reasons.

Key Dates

Keywords

Patrick Industries, PATK, Joel D. Duthie, Chief Legal Officer, Form 4, Stock Sale, Insider Trading