Form 4: Patrick Industries Director John A. Forbes Receives Annual Stock Grant

Director John A. Forbes of Patrick Industries Inc. received an annual stock grant of 1,725 shares on May 15, 2025.

Summary

• On May 15, 2025, John A. Forbes, a director of Patrick Industries Inc. (PATK), was granted 1,725 shares of common stock.
• This grant is part of the annual director's stock award.
• The shares were awarded at a price of $0.
• The grant vests on May 15, 2026.
• Following this transaction, Forbes directly owns 55,616 shares of Patrick Industries Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) and doesn't contain any information that would significantly impact investor sentiment negatively or positively. The sentiment is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The grant of stock to a director aligns their interests with those of the shareholders.
• The director's increased stake in the company demonstrates confidence in its future performance.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance beyond the vesting date of the stock grant.

Industry Context

Stock grants to directors are a common practice in publicly traded companies as a form of compensation and to align their interests with those of the shareholders. The size and vesting schedule of the grant are typical considerations.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Stock grants are a common component of director compensation, often vesting over a period of one to three years.
• Comparing the size of this grant to those of directors at similar-sized companies in the manufacturing sector would provide a benchmark for assessing its relative value.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.
• The grant has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Patrick Industries, Director Stock Grant, Form 4, Beneficial Ownership, John A. Forbes, PATK, Stock Grant, Director Compensation