Form 4: Patterson Companies Director Meenu Agarwal Reports Acquisition of Shares
SEC Form 4 Filing
Director Meenu Agarwal reports acquisition of Patterson Companies (PDCO) shares through a restricted stock award.
Summary
- On September 16, 2024, Meenu Agarwal, a director of Patterson Companies, acquired 7,820 shares of common stock at a price of $21.74 per share.
- This acquisition was a result of a restricted stock award granted to non-employee directors under the company's Amended and Restated 2015 Omnibus Incentive Plan.
- Following the transaction, Agarwal directly owns 12,788 shares of Patterson Companies.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a standard transaction. The director's acquisition of shares could be seen as a positive signal, but it's part of a pre-defined compensation plan.
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 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of transaction: Meenu Agarwal acquired shares of Patterson Companies. |
| 09/18/2024 | Date of signature on the Form 4 filing. |
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