Form 4: Patrick Industries Executive Jeff Rodino Gifts Shares, Sells $2.6 Million in Stock

Jeff Rodino, President-RV of Patrick Industries, gifted 400 shares of common stock and sold 20,000 shares at an average price of $131.3704.

Summary

• On September 11, 2024, Jeff Rodino, President-RV of Patrick Industries, gifted 400 shares of common stock.
• No compensation was received for the gifted shares.
• On September 12, 2024, Rodino sold 20,000 shares of common stock at a weighted average price of $131.3704.
• The sales occurred in multiple transactions with prices ranging from $130.70 to $132.0175.
• Following these transactions, Rodino directly owns 139,109 shares of Patrick Industries common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard SEC filing detailing stock transactions. The sale could be for personal financial planning and doesn't necessarily indicate a negative outlook on the company.

Industry Context

This filing reflects insider trading activity, which is common and closely monitored. The sale by a high-ranking executive like the President-RV could be interpreted in various ways, but without further context, it's difficult to assess the specific implications for Patrick Industries or the broader RV industry.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it influences the stock price, although the volume is relatively small compared to the overall market capitalization of Patrick Industries.
• The gifting of shares is unlikely to have a material impact on stakeholders.

Key Dates