Form 4: Patrick Industries President Sells Shares for Tax

Patrick Industries President Jeffrey M. Rodino disposed of 2,137 shares of common stock on January 26, 2026, to cover tax obligations related to a vested stock grant.

Summary

• Jeffrey M. Rodino, President of Patrick Industries Inc. (PATK), reported a transaction on January 26, 2026.
• The transaction involved the disposition of 2,137 shares of common stock.
• The shares were returned to the company to satisfy tax withholding obligations.
• This obligation arose from a time-based stock grant awarded in January 2023, which fully vested in January 2026.
• The price per share for the disposition was $128.92.
• Following this transaction, Mr. Rodino beneficially owns 204,355 shares of Patrick Industries common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale of shares to cover tax obligations upon the vesting of a stock grant. It is a neutral event with no positive or negative implications for the company's operational or financial performance.

Positives

• The transaction is a non-discretionary sale for tax purposes, indicating a routine event rather than a change in management's confidence.
• The underlying stock grant, awarded in January 2023, has fully vested, representing a successful long-term incentive for the executive.

Negatives

• A reduction in direct beneficial ownership by 2,137 shares, although for tax purposes.

Risks

• No specific risks are mentioned in this Form 4 filing, as it details a routine insider transaction for tax withholding.

Future Outlook

N/A. This filing reports a past transaction and does not contain forward-looking statements or guidance.

Industry Context

This is a routine insider transaction common across all industries when executive stock grants vest. It does not provide specific insights into broader industry trends for Patrick Industries.

Comparison to Industry Standards

• This type of transaction (disposition of shares for tax withholding upon vesting of equity awards) is a standard practice for executive compensation across publicly traded companies globally.
• It aligns with typical equity compensation structures designed to incentivize long-term performance while managing tax liabilities upon vesting.
• No specific comparable companies or projects are relevant for this routine administrative transaction.

Stakeholder Impact

• Shareholders: Minimal impact. The transaction is a routine administrative event and does not signal a change in the company's fundamentals or management's confidence.
• Employees: No direct impact beyond the reporting person.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• N/A. The filing reports a completed transaction and does not outline future actions or milestones.

Key Dates

Keywords

Patrick Industries, PATK, Jeffrey M. Rodino, Insider transaction, Form 4, Stock grant, Tax withholding, Executive compensation, Common stock