Form 4: Patrick Industries Director Cerulli Receives Stock Grant

Director Joseph M. Cerulli of Patrick Industries Inc. received an annual stock grant of 1,725 shares on May 15, 2025, vesting on May 15, 2026.

Summary

• Joseph M. Cerulli, a director at Patrick Industries Inc., reported a transaction on May 15, 2025.
• Cerulli acquired 1,725 shares of common stock through an annual director's stock grant.
• The grant was awarded on May 15, 2025, and will vest on May 15, 2026.
• The shares were acquired at a price of $0.
• Following the transaction, Cerulli beneficially owns 75,703 shares of Patrick Industries Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine director stock grant, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The director's stock grant aligns the director's interests with those of the shareholders.
• The increase in share ownership demonstrates the director's continued investment in the company.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with those of shareholders.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholder sentiment as it aligns director interests with those of the shareholders.

Key Dates

Keywords

Patrick Industries, Director, Stock Grant, Form 4, Beneficial Ownership, Cerulli, PATK