Form 4: Patrick Industries Director Suggs Reports Acquisition of Shares
SEC Form 4
Director Denis Suggs reports acquiring 1,245 shares of Patrick Industries Inc. common stock as part of an annual director's stock grant.
Summary
- On May 16, 2024, Denis Suggs, a director of Patrick Industries Inc., acquired 1,245 shares of common stock.
- The acquisition was part of an annual director's stock grant.
- The shares were acquired at a price of $0.
- Following the transaction, Suggs beneficially owns 11,346 shares of Patrick Industries Inc.
- The stock grant vests on May 16, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard director stock grant. It's neither particularly positive nor negative.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions, specifically the granting of stock to a director. Such grants are common in publicly traded companies as part of director compensation packages.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Director's stock grant awarded and shares acquired. |
| 05/16/2025 | Vesting date of the stock grant. |
| 05/20/2024 | Date of report submission. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.