Form 4: Patrick Industries Executive Sells 18,000 Shares
SEC Form 4
Kip B. Ellis, President-Powersports/Housing at Patrick Industries, sold 18,000 shares of common stock at an average price of $115.0004 on February 26, 2024.
Summary
- On February 26, 2024, Kip B. Ellis, President-Powersports/Housing at Patrick Industries, sold 18,000 shares of common stock.
- The shares were sold at a weighted average price of $115.0004.
- The price range for the sales was between $114.8482 and $115.025.
- Following the transaction, Ellis directly owns 108,778 shares of Patrick Industries common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an executive stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to investors regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of the stock sale transaction. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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