Form 4: Patrick Industries Director Todd M. Cleveland Reports Stock Acquisitions

Director Todd M. Cleveland reports acquisition of Patrick Industries Inc. stock through a grant and open market purchases.

Summary

• Todd M. Cleveland, a director at Patrick Industries Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 15, 2025, Cleveland received an annual director's stock grant of 1,725 shares, vesting on May 15, 2026.
• Also on May 15, 2025, Cleveland purchased 6,000 shares at a weighted average price of $85.8015, with prices ranging from $85.75 to $86.00.
• On May 19, 2025, Cleveland purchased an additional 5,000 shares at a weighted average price of $87.49, with prices ranging from $87.45 to $87.50.
• Following these transactions, Cleveland directly owns 130,286 shares and indirectly owns 51,356 shares through a limited liability corporation.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions. The director's purchases could be seen as a positive signal, but it's not definitive.

Positives

• The director's stock purchases may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures, but closely watched as they provide insights into the views of company insiders on the value and prospects of their company.

Stakeholder Impact

• The stock purchases could positively influence shareholder sentiment.

Key Dates

Keywords

Patrick Industries, PATK, Todd M. Cleveland, Form 4, Stock Acquisition, Director, Beneficial Ownership