Form 4: Patrick Industries Director Receives Stock Grant

Patrick Industries Director Joseph M. Cerulli was awarded an annual stock grant of 1,594 shares.

Summary

• Joseph M. Cerulli, a Director at Patrick Industries Inc., received an annual stock grant of 1,594 shares of common stock on May 14, 2026.
• The stock grant has a reported value of $0, indicating it was likely awarded as part of his director compensation package.
• The shares are set to vest on May 14, 2027.
• Following this transaction, Mr. Cerulli beneficially owns 74,722 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine stock grant to a director without significant financial implications or strategic shifts.

Positives

• Director Joseph M. Cerulli received an annual stock grant, indicating continued incentive and alignment with the company's performance.
• The grant of 1,594 shares vests in one year, providing a retention incentive for the director.

Negatives

• The reported value of the stock grant is $0, which might suggest the grant is purely symbolic or part of a pre-determined compensation structure without immediate market value realization for the director.

Future Outlook

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

Industry Context

StockSavvy.ai notes that annual stock grants to directors are a common practice in the manufacturing and industrials sector, serving as a key component of executive and director compensation to align interests with shareholders.

Stakeholder Impact

• Shareholders: The stock grant reinforces director alignment with shareholder interests, though the immediate financial impact is minimal.
• Employees: This filing does not directly impact employees.

Next Steps

• The stock grant will vest on May 14, 2027.

Key Dates

Keywords

Patrick Industries, PATK, Form 4, Stock Grant, Director Compensation, Beneficial Ownership, Securities Exchange Act