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

Samantha L. Bergeson, CHRO of Patterson Companies, reports acquisition of common stock through the Employee Stock Purchase Plan and details regarding employee stock options and restricted stock units.

Summary

• Samantha L. Bergeson, the CHRO of Patterson Companies, filed a Form 4 detailing changes in beneficial ownership.
• On June 30, 2024, Bergeson acquired 427 shares of common stock at $20.502 per share through the Employee Stock Purchase Plan.
• As of the report, Bergeson directly owns 12,059 shares of common stock, including restricted stock units (RSUs).
• Bergeson also indirectly owns 959 shares through the Employee Stock Ownership Plan (ESOP) as of May 4, 2024.
• The report also details employee stock options granted on July 1, 2023, with an exercise price of $33.26, covering 8,076 shares, vesting in three tranches starting July 1, 2024.
• The RSUs, totaling 4,912 units awarded between 2021 and 2023, vest annually starting July 1, 2024.

Sentiment

Score: 7

Explanation: Routine insider transaction; positive sentiment due to executive's continued investment in the company.

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 continued alignment of executive compensation with company performance over the next few years.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The report provides transparency to shareholders regarding insider transactions.
• The vesting of RSUs and stock options incentivizes the CHRO to contribute to the company's success, benefiting employees and shareholders.

Key Dates