Form 4: Patrick Industries Director Receives Stock Grant

Patrick Industries Director Todd M. Cleveland was granted 1,594 shares of common stock on May 14, 2026, as part of his annual director's stock award.

Summary

• Todd M. Cleveland, a Director at Patrick Industries Inc., received a grant of 1,594 shares of common stock on May 14, 2026.
• This grant is part of his annual director's stock award and is set to vest on May 14, 2027.
• Following this transaction, Cleveland beneficially owns 134,880 shares of common stock, with 51,356 shares held indirectly through a limited liability corporation.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine stock grant to a director, which is a standard compensation practice and does not inherently signal significant positive or negative developments for the company.

Positives

• Director Cleveland received an annual stock grant, indicating continued incentive and alignment with the company's performance.
• The grant of 1,594 shares represents a tangible award for his role as a director.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that director stock grants are a common practice in the manufacturing and industrials sector, including companies like Patrick Industries, to align executive and director interests with shareholder value.

Stakeholder Impact

• Shareholders: The stock grant reinforces director alignment with shareholder interests, potentially leading to decisions that benefit long-term value creation.

Next Steps

• The granted shares will vest on May 14, 2027.

Key Dates

Keywords

Patrick Industries, PATK, Form 4, Stock Grant, Director Compensation, Beneficial Ownership, SEC Filing