Form 4: Patterson Companies Director Disposes of Shares in Merger Transaction

Director Meenu Agarwal reports the disposition of Patterson Companies shares following the completion of a merger, where each share was converted to $31.35 in cash.

Summary

• Meenu Agarwal, a director of Patterson Companies, Inc., filed a Form 4 to report changes in beneficial ownership.
• The report details the disposition of common stock and restricted stock units due to the merger between Patterson Companies and Paradigm Merger Sub, Inc.
• The merger, completed on April 17, 2025, resulted in each outstanding share of Patterson Companies being converted into the right to receive $31.35 in cash.
• Agarwal disposed of 12,788 shares, including 7,820 restricted stock units awarded as an annual grant in 2024.
• The disposition was approved by Patterson's Board of Directors for purposes of Rule 16b-3 of the Exchange Act.

Sentiment

Score: 7

Explanation: The document reports a completed merger transaction, which is generally a neutral event. The sentiment is slightly positive as the shareholders received a defined cash value for their shares.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects a completed merger transaction, which is a common occurrence in the corporate world. The conversion of shares to cash is a typical outcome of such mergers, providing shareholders with a defined exit value.

Stakeholder Impact

• Shareholders received $31.35 in cash for each share they held.
• The merger is now complete, impacting the future direction of Patterson Companies.

Key Dates

Keywords

Merger, Patterson Companies, Share Disposition, Form 4, Beneficial Ownership, Director, PDCO, Paradigm Merger Sub