Form 4: Patrick Industries Director John A. Forbes Sells 6,793 Shares

Director John A. Forbes of Patrick Industries Inc. (PATK) sold 6,793 shares of common stock at an average price of $118.77 on March 1, 2024.

Summary

• On March 1, 2024, John A. Forbes, a director of Patrick Industries Inc. (PATK), sold 6,793 shares of the company's common stock.
• The sale was executed at a weighted average price of $118.77 per share.
• The prices for individual transactions ranged from $118.50 to $119.00.
• Following the transaction, Forbes directly owns 34,682 shares of Patrick Industries Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company insiders, although a single sale doesn't necessarily indicate a negative outlook.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant unless part of a larger trend.

Key Dates