Form 4: Patrick Industries Executive Sells 20,000 Shares of Common Stock
SEC Form 4 Filing
Jeff Rodino, President-RV of Patrick Industries, sold 20,000 shares of common stock at a weighted average price of $117.1431 on February 27, 2024.
Summary
- On February 27, 2024, Jeff Rodino, the President-RV of Patrick Industries, Inc. (PATK), sold 20,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $117.1431 per share.
- Following the transaction, Rodino directly owns 159,509 shares of Patrick Industries common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. However, they can be for a variety of reasons including diversification, tax planning, or personal expenses.
Stakeholder Impact
- The stock sale could potentially influence investor sentiment, depending on how the market interprets the transaction.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of the stock sale transaction. |
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