Form 4: Patrick Industries Director Receives Stock Grant

Patrick Industries Director Blake Augsburger was awarded 1,594 shares of common stock on May 14, 2026, as part of an annual director's stock grant.

Summary

• Blake Augsburger, a Director at Patrick Industries Inc., received a grant of 1,594 shares of common stock on May 14, 2026.
• This grant is an annual director's stock award.
• The shares are scheduled to vest on May 14, 2027.
• Following this transaction, Augsburger beneficially owns 3,719 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard director stock grant without providing new financial information or strategic updates.

Positives

• Director compensation through stock grants aligns management interests with shareholders.
• The grant of 1,594 shares indicates continued investment in the company by its directors.
• The vesting schedule of one year suggests a commitment to long-term performance.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance. It solely reports a stock grant transaction.

Industry Context

StockSavvy.ai notes that director stock grants are a common practice in the manufacturing and industrial sectors, including companies like Patrick Industries, to incentivize long-term commitment and align executive interests with shareholder value.

Stakeholder Impact

• Shareholders: The stock grant aligns director interests with shareholders, potentially leading to decisions that enhance shareholder value over the long term.
• Employees: While not directly impacted, the alignment of director interests can indirectly benefit employees through company stability and growth.
• Management: The grant serves as a form of compensation and incentive for the director.

Next Steps

• The director will hold the granted shares until the vesting date of May 14, 2027.

Key Dates

Keywords

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