Form 4: Patterson Companies CFO Kevin Michael Barry Sells Shares Under 10b5-1 Plan

Kevin Michael Barry, CFO of Patterson Companies, sold 1,216 shares of common stock at $23.7223 per share on July 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 3, 2024, Kevin Michael Barry, the CFO of Patterson Companies, sold 1,216 shares of common stock at a price of $23.7223 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on September 1, 2023.
• Following the transaction, Barry directly owns 41,605 shares of common stock and indirectly owns 1,622 shares through the Employee Stock Ownership Plan (ESOP).
• Barry also holds various employee stock options granted between 2018 and 2023, which are exercisable in installments.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting a routine stock sale by a company executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. Investors often look to the details of these sales, such as the use of 10b5-1 plans, to better understand the motivations behind them. A 10b5-1 plan allows company insiders to sell shares at predetermined times and prices, regardless of any inside information they may possess.

Stakeholder Impact

• The sale of shares by a company executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.
• However, the use of a 10b5-1 plan mitigates concerns about insider trading, as the sale was pre-planned.

Key Dates