Form 4: Patrick Industries Officer Richard Reyenger Ceases Section 16 Reporting Obligations
Insider Reporting Status Change
Richard N. Reyenger, President Marine of Patrick Industries Inc., has filed a Form 4 indicating he is no longer subject to Section 16 reporting requirements, with no new transactions reported.
Summary
- Richard N. Reyenger, President Marine at Patrick Industries Inc. (PATK), has filed a Form 4 with the U.S. Securities and Exchange Commission (SEC).
- The filing indicates that Mr. Reyenger is no longer subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.
- No acquisitions or dispositions of non-derivative or derivative securities were reported in this specific Form 4 filing.
- The effective date for this change in reporting status is May 23, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral, procedural SEC filing indicating a change in an insider's reporting status, with no direct financial or operational implications for the company.
Risks
- This document does not introduce new risks; it is a procedural filing regarding an insider's reporting status.
Future Outlook
This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine regulatory disclosure related to an individual officer's reporting status and does not provide information relevant to broader industry trends or the competitive landscape within the manufacturing or marine sectors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Status | Richard N. Reyenger, President Marine, is no longer subject to Section 16 reporting obligations under the Securities Exchange Act of 1934. | 05/23/2025 | This change means Mr. Reyenger will no longer be required to publicly disclose his transactions in company securities via Form 4 or 5, unless he becomes subject to Section 16 again. It does not imply a change in his role or ownership, but rather a change in his personal reporting requirement. |
Stakeholder Impact
- Shareholders: Will no longer receive public disclosures of Richard N. Reyenger's transactions in company stock via Form 4 or 5, potentially reducing transparency regarding his personal holdings and trading activity, unless he is otherwise required to report.
Key Dates
| Date | Description |
|---|---|
| 05/23/2025 | Date Richard N. Reyenger is no longer subject to Section 16 reporting obligations and the signature date of the filing. |
Keywords
Patrick Industries, PATK, SEC Form 4, Insider Reporting, Section 16, Beneficial Ownership, Richard Reyenger, Corporate Governance
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.