Todd M. Cleveland - 20 Jan 2023 Form 4 Insider Report for PATRICK INDUSTRIES INC (PATK)

Role
Director
Signature
/s/ Todd M. Cleveland by Jacob R. Petkovich, Attorney-in-fact
Issuer symbol
PATK
Transactions as of
20 Jan 2023
Net transactions value
-$1,802,628
Form type
4
Filing time
24 Jan 2023, 19:48:46 UTC
Previous filing
11 Jan 2023
Next filing
27 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATK Common Stock Other $0 +12,000 +7.7% $0.000000 168,316 20 Jan 2023 Direct F1
transaction PATK Common Stock Tax liability $1,327,836 -20,400 -12% $65.09 147,916 20 Jan 2023 Direct F2
transaction PATK Common Stock Sale $474,792 -7,000 -4.7% $67.83 140,916 24 Jan 2023 Direct F3, F4
holding PATK Common Stock 131,737 20 Jan 2023 Consists of shares held in a limited liability corporation
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an adjustment to the number of shares that the reporting owner is entitled to upon vesting in January 2023 of a performance-based grant originally awarded in January 2020.
F2 Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in January 2020 that vested after three years upon the achievement of target Company objectives.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F4 The price quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.65 to $68.00, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.