Form 4: Patrick Industries Director Denis Suggs Receives Stock Grant
SEC Form 4 Filing
Director Denis Suggs received 1,725 shares of Patrick Industries stock as an annual director's grant.
Summary
- Director Denis Suggs of Patrick Industries Inc. received 1,725 shares of common stock on May 15, 2025.
- The shares were awarded as an annual director's stock grant.
- The grant vests on May 15, 2026.
- Following the transaction, Suggs directly owns 18,744 shares of Patrick Industries 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 stock grant aligns the director's interests with those of the shareholders.
- The vesting period encourages long-term commitment from the director.
Industry Context
Stock grants to directors are a common practice to incentivize and align their interests with the company's long-term performance and shareholder value.
Stakeholder Impact
- The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
- The vesting period encourages the director's continued service and commitment to the company.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of stock grant transaction |
| 05/16/2025 | Date of Form 4 filing |
| 05/15/2026 | Vesting date of the stock grant |
Keywords
Patrick Industries, Director, Stock Grant, Beneficial Ownership, Form 4, PATK, Equity Securities
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