Form 4: Patrick Industries Director Sells Shares
SEC Form 4
Director Derrick B. Mayes sold 1,820 shares of Patrick Industries Inc. (PATK) common stock at an average price of $93.2697 on February 11, 2025.
Summary
- On February 11, 2025, Derrick B. Mayes, a director of Patrick Industries Inc. (PATK), sold 1,820 shares of common stock.
- The shares were sold at a weighted average price of $93.2697.
- The sale was executed on February 11, 2025.
- Following the transaction, Mayes directly owns 10,549 shares of Patrick Industries Inc.
- The common stock holding reported has been adjusted to reflect a three-for-two stock split paid by the issuer on December 13, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale by a company director. It doesn't inherently indicate positive or negative outlook.
Industry Context
This Form 4 filing indicates insider trading activity, which is common and closely monitored. It provides insight into the actions of company directors, but one sale is not necessarily indicative of the company's overall health or future performance.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant on its own.
Key Dates
| Date | Description |
|---|---|
| 2024/12/13 | Three-for-two stock split paid by the issuer. |
| 2025/02/11 | Date of transaction: Derrick B. Mayes sold 1,820 shares of common stock. |
Keywords
Patrick Industries Inc, PATK, Derrick B. Mayes, stock sale, director, Form 4, insider trading
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