Form 4: Patterson Companies CHRO Samantha L. Bergeson Reports Stock Acquisition and Holdings
SEC Form 4 Filing
Samantha L. Bergeson, CHRO of Patterson Companies, reports acquiring shares through the Employee Stock Purchase Plan and holding common stock and stock options.
Summary
- On March 31, 2024, Samantha L. Bergeson, the CHRO of Patterson Companies, acquired 436 shares of common stock at $23.5025 per share through the Employee Stock Purchase Plan.
- Following this transaction, Bergeson directly owns 11,632 shares of common stock.
- Bergeson also indirectly owns 949 shares through the Employee Stock Ownership Plan (ESOP) as of February 5, 2024.
- Additionally, Bergeson holds options to purchase 8,076 shares of common stock, granted on July 1, 2023, under the company's Amended and Restated 2015 Omnibus Incentive Plan.
- These options vest in three tranches: 33.3% on July 1, 2024, 33.3% on July 1, 2025, and 33.4% on July 1, 2026.
- Bergeson also holds 4,912 restricted stock units (RSUs) awarded between 2021 and 2023, which vest contingent upon continued employment, with vesting dates in 2024, 2025, and 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a company insider. The acquisition of shares and vesting schedules suggest a positive outlook, but it's not significantly impactful.
Positives
- The acquisition of shares through the Employee Stock Purchase Plan indicates Bergeson's investment in the company's future.
- The vesting of RSUs and stock options incentivizes continued employment and performance.
Future Outlook
The vesting schedules for RSUs and stock options indicate a continued commitment by the CHRO to the company's long-term success.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding insider activity.
- The vesting of RSUs and stock options can incentivize employees.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date through which ESOP holdings are reported. |
| 03/31/2024 | Date of common stock acquisition through the Employee Stock Purchase Plan. |
| 07/01/2023 | Date of stock options grant. |
| 07/01/2024 | First vesting date for RSUs (2,266 units) and stock options (33.3%). |
| 07/01/2025 | Second vesting date for RSUs (1,780 units) and stock options (33.3%). |
| 07/01/2026 | Third vesting date for RSUs (866 units) and stock options (33.4%). |
| 07/01/2033 | Expiration date for stock options. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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