Form 4: Patrick Industries COO Sells Shares for Tax Withholding

Patrick Industries' COO, Hugo E. Gonzalez, disposed of 410 shares of common stock to cover tax obligations related to a vested stock grant.

Summary

• Hugo E. Gonzalez, President of Powersports & Housing and COO of Patrick Industries Inc. (PATK), disposed of 410 shares of common stock.
• The transaction occurred on January 26, 2026, at a price of $128.92 per share.
• This disposition was to satisfy tax withholding obligations for a time-based stock grant awarded in January 2023, which fully vested in January 2026.
• Following this transaction, Mr. Gonzalez beneficially owns 41,439 shares of common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes related to a vested stock grant. This is a neutral event with no significant positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of the stock grant indicates the executive has met performance or tenure requirements, which can be seen as a positive for executive retention and alignment with shareholder interests.

Negatives

• The disposition of shares, while for tax purposes, slightly reduces the executive's direct ownership stake in the company.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• No notable quotes or paraphrased statements from company management are included in this Form 4 filing.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is common across all industries and does not provide specific insights into broader industry trends for the manufacturing or powersports/housing sectors.

Comparison to Industry Standards

• This is a standard tax withholding transaction following the vesting of a stock grant, a common practice for executive compensation across publicly traded companies.
• It aligns with typical industry practices for managing equity compensation and associated tax liabilities. No specific comparable companies or projects are relevant for this type of routine filing.

Related Party Transactions

• The transaction involves an executive and the company, which is a related party transaction, but it is a standard compensation-related event rather than a unique dealing.

Stakeholder Impact

• Shareholders: Minimal direct impact. The transaction is a routine part of executive compensation and tax management, not indicative of a change in company fundamentals or strategy.
• Employees, Customers, Suppliers, Creditors: No discernible direct impact from this specific filing.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing beyond the completion of the reported transaction.

Key Dates

Keywords

Patrick Industries, PATK, Hugo E Gonzalez, Form 4, Insider Transaction, Stock Grant, Tax Withholding, Common Stock, Executive Compensation