Form 4: Patterson Companies CHRO Samantha L. Bergeson Reports Stock Acquisition and Holdings

Samantha L. Bergeson, CHRO of Patterson Companies, reports acquiring shares through the Employee Stock Purchase Plan and holding a mix of common stock, restricted stock units, and employee stock options.

Summary

• On September 30, 2024, Samantha L. Bergeson, the CHRO of Patterson Companies, acquired 9 shares of common stock at $18.564 per share through the Employee Stock Purchase Plan.
• Following this transaction, Bergeson directly owns 20,587 shares of common stock.
• Bergeson also indirectly owns 985 shares through the Employee Stock Ownership Plan (ESOP).
• She holds 11,990 restricted stock units (RSUs) that vest over the next three years: 4,892 on July 1, 2025, 3,978 on July 1, 2026, and 3,120 on July 1, 2027.
• Bergeson also holds options to purchase 8,076 shares of common stock at an exercise price of $33.26, granted on July 1, 2023, which vest in three tranches.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates Bergeson's investment in the company's future.

Future Outlook

The vesting schedules for the RSUs and stock options indicate continued employment and potential future stock ownership changes for the reporting person.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedules for RSUs and stock options are typical incentive mechanisms used to retain and motivate key employees, aligning their interests with those of the shareholders.
• Employee Stock Purchase Plans (ESPPs) are common benefits offered by companies like Patterson Companies to allow employees to purchase company stock at a discounted rate.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The Employee Stock Purchase Plan benefits employees by allowing them to purchase company stock.

Key Dates