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

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

Summary

• Neil A. Schrimsher, a director of Patterson Companies, Inc., filed a Form 4 to report changes in beneficial ownership.
• The report details the disposition of 48,788 shares of common stock due to the merger between Patterson Companies and Paradigm Merger Sub, Inc., which closed on April 17, 2025.
• As a result of the merger, each outstanding share of Patterson Companies was converted into the right to receive $31.35 in cash.
• 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 is a standard SEC filing related to a merger, indicating a completed transaction. The sentiment is neutral as it reports factual information.

Industry Context

The document reflects a completed merger transaction, which is a common occurrence in the corporate world. The conversion of shares to cash at a specified price is typical in such mergers.

Stakeholder Impact

• Shareholders received $31.35 in cash for each share of Patterson Companies stock they held.

Key Dates

Keywords

Form 4, Patterson Companies, Merger, Disposition, Beneficial Ownership, Director, PDCO, Shares