Form 4: Patrick Industries Executive Exercises Stock Options and Sells Shares
SEC Form 4
Jeff Rodino, President-RV of Patrick Industries, exercised stock options and sold shares on September 20, 2024.
Summary
- On September 20, 2024, Jeff Rodino, President-RV of Patrick Industries, exercised stock options for 40,000 shares of common stock at a price of $41.33 per share.
- Following the exercise, Rodino sold 23,440 shares at $146.96 per share.
- After these transactions, Rodino directly owns 155,669 shares of Patrick Industries common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard Form 4 filing reflecting stock option exercise and sale.
Industry Context
This filing reflects insider trading activity, which is a normal part of executive compensation. The RV industry is subject to cyclical trends, and insider transactions can sometimes reflect management's view of the company's prospects.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/14/2023 | Date the stock options became fully exercisable |
| 09/20/2024 | Date of stock option exercise and share sale |
| 05/14/2029 | Expiration date of the stock options |
| 09/24/2024 | Date of Form 4 filing |
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