Form 4: Patrick Industries President Boosts Stake with New Equity Grants

Jeffrey M. Rodino, President of Patrick Industries Inc., reported multiple equity transactions including new performance and time-based grants, increasing his beneficial ownership.

Summary

• Jeffrey M. Rodino, President of Patrick Industries Inc. (PATK), reported several transactions on January 27, 2026.
• An adjustment to a performance-based grant originally awarded in January 2023, which vested in January 2026, resulted in a disposition of 16,312 shares.
• 7,377 shares were disposed of at a price of $129.93 to satisfy tax withholding obligations associated with the vested performance-based stock grant from January 2023.
• Rodino acquired 2,847 shares through an annual management time-based grant awarded in January 2026, which is scheduled to vest in January 2029.
• An additional 11,391 performance-based shares were acquired, which will vest after three years upon the achievement of target company objectives.
• Following these reported transactions, Rodino's direct beneficial ownership of Common Stock stands at 194,904 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive, reflecting ongoing executive equity compensation and the successful vesting of a prior performance-based grant, indicating achieved company objectives.

Positives

• Management received new equity grants, which typically aligns their interests with long-term shareholder value.
• A performance-based grant from January 2023 successfully vested, indicating the achievement of target company objectives.
• The President's overall beneficial ownership increased to 194,904 shares after these transactions, demonstrating continued investment in the company.

Negatives

• Shares were disposed of to satisfy tax withholding obligations, a common but necessary reduction in direct shareholding upon vesting of equity awards.

Future Outlook

New performance-based shares will vest after three years upon achievement of target company objectives, and an annual management time-based grant is scheduled to vest in January 2029.

Industry Context

StockSavvy.ai notes that executive equity grants and tax-related dispositions are standard practices in corporate compensation across various industries, aiming to align executive incentives with long-term shareholder value. These transactions reflect a routine aspect of executive compensation structures.

Comparison to Industry Standards

• These types of equity grants and tax withholdings are standard practice for executive compensation in publicly traded companies.
• Similar compensation structures, involving performance and time-based vesting schedules, are commonly observed in companies within related sectors, such as Thor Industries (THO) and LCI Industries (LCII), which also operate in the recreational vehicle and manufactured housing supply industries.

Stakeholder Impact

• Shareholders: Benefit from increased alignment of management's interests with long-term company performance through equity ownership.
• Employees: No direct impact mentioned, but executive compensation practices can influence overall company culture and morale.

Next Steps

• Vesting of 11,391 performance-based shares after three years upon achievement of target company objectives.
• Vesting of 2,847 annual management time-based grant shares in January 2029.

Key Dates

Keywords

Patrick Industries, PATK, Jeffrey M. Rodino, Insider Trading, Form 4, Equity Grant, Performance Shares, Time-Based Grant, Executive Compensation, Beneficial Ownership