Form 4: Patterson Companies Director McKoy Philip Reports Disposition of Shares in Merger

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

Summary

• On April 17, 2025, Philip McKoy, a director of Patterson Companies, reported the disposition of 18,114 shares of common stock.
• This disposition occurred due to the completion of a merger between Patterson Companies and Paradigm Merger Sub, Inc.
• 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.
• McKoy also held 7,820 restricted stock units awarded as an annual grant in 2024.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing related to a merger, indicating a completed transaction. The sentiment is neutral to slightly positive as the merger has been finalized.

Management Comments

• Patterson's Board of Directors approved the disposition of all equity securities by the Reporting Person in connection with the merger.

Industry Context

Mergers and acquisitions are common in the corporate world, often leading to changes in stock ownership and company structure. This filing reflects the completion of such a transaction for Patterson Companies.

Stakeholder Impact

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

Key Dates

Keywords

Merger, Disposition, Shares, Patterson Companies, Director, PDCO, McKoy Philip