Form 4: Patrick Industries Director Joseph Cerulli Gifts 575 Shares of Common Stock

Joseph M. Cerulli, a Director at Patrick Industries Inc., reported a gift of 575 shares of the company's common stock, reducing his direct beneficial ownership to 75,128 shares.

Summary

• Joseph M. Cerulli, a Director of Patrick Industries Inc. (PATK), reported a transaction involving the company's common stock.
• On May 28, 2025, Mr. Cerulli gifted 575 shares of common stock.
• The transaction code 'G' indicates a gift of securities.
• Following this transaction, Mr. Cerulli directly beneficially owns 75,128 shares of Patrick Industries Inc. common stock.
• The shares were gifted at a price of $0, consistent with a gift transaction.

Sentiment

Score: 5

Explanation: The sentiment is neutral as a Form 4 reporting a gift of shares is a routine insider transaction and does not inherently indicate positive or negative performance or outlook for the company. It simply reflects a change in beneficial ownership.

Positives

• The transaction was a gift of shares, not a sale, which typically does not signal a lack of confidence in the company's future performance by the insider.

Negatives

• The director's direct beneficial ownership decreased by 575 shares as a result of the gift.

Future Outlook

This SEC Form 4 filing reports an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of an insider stock transaction, common across all publicly traded companies, and does not provide specific insights into broader industry trends or competitive dynamics within the manufacturing or recreational vehicle supply sectors where Patrick Industries operates.

Related Party Transactions

• The transaction involves a gift of common stock by a director, which is a change in beneficial ownership by an insider.

Stakeholder Impact

• Shareholders: The direct beneficial ownership of a director decreased by 575 shares, which is a minor change in the overall share structure and unlikely to have a material impact on other shareholders.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

Patrick Industries, PATK, Joseph M. Cerulli, Director, SEC Form 4, Insider Transaction, Beneficial Ownership, Common Stock, Gift of Shares