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

Director Alex N. Blanco reports the disposition of Patterson Companies (PDCO) shares following the completion of a merger, where each share was converted to $31.35 in cash.

Summary

• On April 17, 2025, Alex N. Blanco, a director of Patterson Companies, Inc. (PDCO), reported the disposition of 41,300 shares of common stock.
• This disposition occurred due to the completion of a merger between Patterson and Paradigm Merger Sub, Inc.
• As a result of the merger, each outstanding share of Patterson common stock was converted into the right to receive $31.35 in cash.
• The director also held 7,820 restricted stock units, which were awarded as an annual grant in 2024.
• The disposition of all equity securities by the reporting person in connection with the merger was approved by Patterson's Board of Directors for purposes of Rule 16b-3 of the Exchange Act.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the merger has been completed, providing shareholders with a defined cash value for their shares. The transaction appears to have proceeded as planned.

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 of Patterson Companies stock they held.

Key Dates

Keywords

Merger, Disposition, Patterson Companies, PDCO, Director, Alex N. Blanco, Form 4, SEC Filing, Shares, Stock