Form 4: Patterson Companies CHRO Samantha L. Bergeson Reports Stock Transactions
SEC Form 4 Filing
Samantha L. Bergeson, CHRO of Patterson Companies, reports acquisition and disposal of company stock and stock options.
Summary
- On July 1, 2024, Samantha L. Bergeson, CHRO of Patterson Companies, reported transactions involving the company's stock.
- 571 shares of common stock were disposed of at $24.08 per share to cover tax liabilities related to the vesting of restricted stock units (RSUs).
- 9,344 RSUs were acquired at a price of $24.08 per unit.
- Following these transactions, Bergeson directly owns 20,832 shares of common stock, including 2,646 RSUs awarded in 2022-2023 and 9,344 RSUs awarded on 7/1/2024.
- Bergeson also indirectly owns 959 shares through an Employee Stock Ownership Plan (ESOP) as of May 4, 2024.
- Additionally, Bergeson 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: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The RSUs awarded on 7/1/2024 vest, assuming continued employment, 33.3% on 7/1/2025, 33.3% on 7/1/2026 and 33.4% on 7/1/2027.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The vesting schedules and option grants are typical components of executive compensation packages in similar companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.
- The vesting of RSUs and stock options incentivizes the CHRO to remain with the company and contribute to its success, which benefits employees and shareholders.
Key Dates
| Date | Description |
|---|---|
| May 4, 2024 | Date of ESOP holdings |
| July 1, 2023 | Grant date of employee stock options |
| July 1, 2024 | Date of reported transactions (stock disposal and RSU acquisition) |
| July 1, 2025 | Vesting date for a portion of RSUs |
| July 1, 2026 | Vesting date for a portion of RSUs and stock options |
| July 1, 2027 | Vesting date for a portion of RSUs |
| July 1, 2033 | Expiration date of employee stock options |
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