Form 4: Patterson Companies Director Acquires Shares in Annual Grant

Director Robert Frenzel acquired 7,820 shares of Patterson Companies, Inc. common stock as part of an annual grant.

Summary

• On September 16, 2024, Robert Frenzel, a director of Patterson Companies, Inc., acquired 7,820 shares of common stock.
• The acquisition was part of an annual grant of restricted stock awarded to non-employee directors under the company's Amended and Restated 2015 Omnibus Incentive Plan.
• The price per share was $21.74.
• Following the transaction, Frenzel directly owns 38,242 shares of Patterson Companies, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction (director acquiring shares as part of a compensation plan) rather than a significant event indicating strong positive or negative sentiment.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of shares, which is a common occurrence for non-employee directors receiving stock grants as part of their compensation.

Stakeholder Impact

• The acquisition of shares by a director may have a minor positive impact on shareholder sentiment.

Key Dates