Form 4: Patterson Companies CFO Reports Stock Transactions and Holdings
SEC Form 4 Filing
Patterson Companies CFO, Kevin Michael Barry, reports the withholding of shares for tax obligations and details his holdings of common stock, restricted stock units, and employee stock options.
Summary
- Kevin Michael Barry, CFO of Patterson Companies, reported a transaction on December 13, 2024, where 807 shares of common stock were withheld to cover tax liabilities related to the vesting of restricted stock units.
- Following this transaction, Barry directly owns 40,798 shares of common stock.
- He also indirectly holds 1,676 shares through an Employee Stock Ownership Plan (ESOP).
- Barry holds 27,611 restricted stock units (RSUs) that will vest over the next few years, with 9,334 vesting on July 1, 2025, 3,111 on December 15, 2025, 8,578 on July 1, 2026, and 6,588 on July 1, 2027.
- The report also details various employee stock options granted to Barry between 2018 and 2023, with different exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions and holdings, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and compensation structure.
Comparison to Industry Standards
- The reporting of stock transactions by company executives is a standard practice across all publicly traded companies in the US.
- The vesting schedules for RSUs and stock options are typical for executive compensation packages.
- The use of an ESOP for employee stock ownership is also a common practice.
Stakeholder Impact
- The report provides transparency to shareholders regarding the CFO's stock holdings and compensation.
- The information is relevant to investors who track insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/01/2018 | Stock options granted pursuant to the Plan. |
| 07/01/2019 | Stock options granted pursuant to the Plan. |
| 07/14/2020 | Stock options granted pursuant to the Plan. |
| 07/01/2021 | Stock options granted pursuant to the Plan. |
| 07/01/2022 | Stock options granted pursuant to the Plan. |
| 07/01/2023 | Stock options granted pursuant to the Plan. |
| 11/04/2024 | Date through which ESOP holdings are reported. |
| 12/13/2024 | Date of the reported stock transaction. |
| 12/17/2024 | Date of signature on the report. |
| 07/01/2025 | Vesting date for 9,334 RSUs. |
| 12/15/2025 | Vesting date for 3,111 RSUs. |
| 07/01/2026 | Vesting date for 8,578 RSUs. |
| 07/01/2027 | Vesting date for 6,588 RSUs. |
Keywords
Patterson Companies, PDCO, SEC Form 4, insider trading, stock options, restricted stock units, ESOP, executive compensation, Kevin Michael Barry
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