Form 4: Patrick Industries Director Todd M. Cleveland Sells Shares in Open Market

Todd M. Cleveland, a director at Patrick Industries, Inc., executed sales of common stock on September 12 and 13, 2024.

Summary

• On September 12, 2024, Todd M. Cleveland sold 7,500 shares of Patrick Industries Inc. common stock at a weighted average price of $131.0512 per share.
• The shares were sold in multiple transactions with prices ranging from $130.54 to $131.42.
• Following this transaction, Mr. Cleveland directly owns 82,374 shares.
• On September 13, 2024, Mr. Cleveland sold an additional 2,500 shares at a weighted average price of $135.4794 per share.
• These shares were sold in multiple transactions with prices ranging from $134.66 to $136.13.
• Following this transaction, Mr. Cleveland directly owns 79,874 shares.
• Mr. Cleveland also indirectly owns 34,237 shares through a limited liability corporation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock sales by a company insider. It's common for directors and officers to periodically sell shares for personal financial management.

Stakeholder Impact

• The stock sales by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transactions.

Key Dates