Form 4: Patterson Companies COO Kevin Pohlman Reports Stock Transactions and Holdings
SEC Form 4 Filing
Patterson Companies' Chief Operating Officer, Kevin Pohlman, reported the withholding of 420 shares to cover tax liabilities and disclosed holdings of common stock, restricted stock units, and employee stock options.
Summary
- Kevin Pohlman, Chief Operating Officer of Patterson Companies, reported a transaction on December 13, 2024, where 420 shares of common stock were withheld to cover tax obligations related to the vesting of restricted stock units.
- Following this transaction, Mr. Pohlman directly owns 157,297 shares of common stock.
- He also indirectly owns 1,923 shares through the company's Employee Stock Ownership Plan (ESOP).
- Mr. Pohlman holds 40,688 restricted stock units (RSUs) that will vest over the next few years, with 14,208 vesting on July 1, 2025, 2,692 on December 15, 2025, 13,385 on July 1, 2026, and 10,403 on July 1, 2027.
- Additionally, he holds various employee stock options granted between 2017 and 2023, with different exercise prices and vesting schedules, totaling 156,699 options.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of stock transactions and holdings by a company executive. It is neutral in nature and does not indicate any positive or negative sentiment.
Positives
- The document provides a clear picture of the executive's holdings and transactions.
- The vesting schedule of the RSUs provides insight into the executive's long-term incentives.
- The detailed information on stock options provides transparency into the executive's potential future ownership.
Risks
- There are no specific risks mentioned in this document, as it is a standard SEC Form 4 filing detailing stock transactions and holdings.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders. It does not indicate any specific industry trends or competitive actions.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for all publicly traded companies in the United States.
- The details of stock options and restricted stock units are typical forms of executive compensation across various industries.
- The vesting schedules and exercise prices are specific to Patterson Companies' compensation plans and are not directly comparable to other companies without detailed analysis of their respective plans.
Stakeholder Impact
- The document provides transparency to shareholders regarding executive stock ownership.
- The information is relevant to investors who track insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/01/2017 | Date of grant for some employee stock options. |
| 08/07/2017 | Date of grant for some employee stock options. |
| 07/01/2018 | Date of grant for some employee stock options. |
| 07/01/2019 | Date of grant for some employee stock options. |
| 07/01/2020 | Date of grant for some employee stock options. |
| 07/14/2020 | Date of grant for some employee stock options. |
| 07/01/2021 | Date of grant for some employee stock options. |
| 07/01/2022 | Date of grant for some employee stock options. |
| 07/01/2023 | Date of grant for some employee stock options. |
| 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 form. |
| 07/01/2025 | Vesting date for 14,208 RSUs. |
| 12/15/2025 | Vesting date for 2,692 RSUs. |
| 07/01/2026 | Vesting date for 13,385 RSUs. |
| 07/01/2027 | Vesting date for 10,403 RSUs. |
| 07/01/2027 | Expiration date for some employee stock options. |
| 08/07/2027 | Expiration date for some employee stock options. |
| 07/01/2028 | Expiration date for some employee stock options. |
| 07/01/2029 | Expiration date for some employee stock options. |
| 07/14/2030 | Expiration date for some employee stock options. |
| 07/01/2031 | Expiration date for some employee stock options. |
| 07/01/2032 | Expiration date for some employee stock options. |
| 07/01/2033 | Expiration date for some employee stock options. |
Keywords
Patterson Companies, Kevin Pohlman, stock options, restricted stock units, insider trading, SEC Form 4, equity compensation, ESOP
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