Form 4: Patterson Companies Director McKoy Acquires Shares in Annual Grant

Director Philip McKoy acquired 7,820 shares of Patterson Companies (PDCO) common stock at $21.74 per share as part of an annual grant.

Summary

• On September 16, 2024, Philip McKoy, a director of Patterson Companies, Inc. (PDCO), 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, McKoy directly owns 18,114 shares of Patterson Companies common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction (stock grant) and doesn't necessarily indicate a strong positive or negative outlook for the company.

Positives

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock grants as part of their compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates