Form 4: Patrick Industries Director Michael Kitson Receives Annual Stock Grant

Director Michael Kitson of Patrick Industries Inc. (PATK) was awarded 1,725 shares of common stock on May 15, 2025, as part of the annual director's stock grant.

Summary

• Michael Kitson, a director at Patrick Industries Inc. (PATK), received 1,725 shares of common stock on May 15, 2025.
• This grant is part of the annual director's stock grant program.
• The shares will vest on May 15, 2026.
• Following this transaction, Kitson directly owns 16,422 shares of Patrick Industries Inc.

Sentiment

Score: 7

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

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

Director stock grants are a common practice in publicly traded companies to incentivize and align the interests of board members with those of shareholders. The size of the grant is typical for director compensation.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary widely across industries and company sizes.
• Comparing Patrick Industries' director compensation to similar companies in the recreational vehicle and housing industries would provide a more detailed benchmark.
• Companies like Winnebago Industries (WGO) and Skyline Champion Corporation (SKY) could be considered for comparison.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates

Keywords

Patrick Industries, Director Stock Grant, Form 4, PATK, Michael Kitson, Stock Grant, Beneficial Ownership