Donald J. Zurbay - 01 Jul 2024 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President & CEO, Director
Signature
Les B. Korsh, by Power of Attorney
Issuer symbol
PDCO
Transactions as of
01 Jul 2024
Net transactions value
+$2,437,859
Form type
4
Filing time
03 Jul 2024, 10:42:06 UTC
Previous filing
21 Jun 2024
Next filing
08 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Tax liability $104,074 -4,322 -3% $24.08 137,601 01 Jul 2024 Direct F1, F2
transaction PDCO Common Stock Award $384,630 +15,973 +12% $24.08 153,574 01 Jul 2024 Direct F2, F3
transaction PDCO Common Stock Tax liability $117,703 -4,888 -3.2% $24.08 148,686 01 Jul 2024 Direct F2, F4
transaction PDCO Common Stock Award $2,275,006 +94,477 +64% $24.08 243,163 01 Jul 2024 Direct F2, F5
holding PDCO Common Stock 1,198 01 Jul 2024 By ESOP F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PDCO Employee Stock Options 93,633 01 Jul 2024 Common Stock 93,633 $33.26 Direct F7, F8
holding PDCO Employee Stock Options 134,033 01 Jul 2024 Common Stock 134,033 $28.99 Direct F9, F10
holding PDCO Employee Stock Options 35,895 01 Jul 2024 Common Stock 35,895 $30.59 Direct F11, F12
holding PDCO Employee Stock Options 37,831 01 Jul 2024 Common Stock 37,831 $30.77 Direct F13, F14
holding PDCO Employee Stock Options 57,819 01 Jul 2024 Common Stock 57,819 $23.57 Direct F15, F16
holding PDCO Employee Stock Options 78,829 01 Jul 2024 Common Stock 78,829 $22.25 Direct F17, F18
holding PDCO Employee Stock Options 33,363 01 Jul 2024 Common Stock 33,363 $22.48 Direct F19
holding PDCO Employee Stock Options 99,250 01 Jul 2024 Common Stock 99,250 $22.67 Direct F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld to satisfy a portion of tax liability upon the lapse of restrictions on restricted stock units ("RSUs") issued pursuant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan").
F2 Includes an aggregate of 49,978 RSUs awarded in the years 2022 through 2023 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 13,221 units vest on 12/5/2024, 13,487 units vest on 7/1/2025, 13,227 units vest on 12/5/2025 and 10,043 units vest on 7/1/2026.
F3 Represents shares earned upon satisfaction of performance criteria applicable to non-derivative performance share units.
F4 Represents shares of common stock withheld to satisfy a portion of tax liability upon the vesting of performance share units.
F5 Represents RSUs awarded on 7/1/2024 to Reporting Person pursuant to the Plan. The RSUs awarded vest, assuming continued employment, 33.3% on 7/1/2025, 33.3% on 7/1/2026 and 33.4% on 7/1/2027.
F6 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan (ESOP) account through May 4, 2024.
F7 Stock options granted pursuant to the Plan on 7/1/2023.
F8 Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F9 Stock options granted pursuant to the Plan on 12/5/2022.
F10 Options are exercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F11 Stock options granted pursuant to the Plan on 7/1/2022.
F12 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F13 Stock options granted pursuant to the Plan on 7/1/2021.
F14 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F15 Stock options granted pursuant to the Plan on 7/14/2020.
F16 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F17 Stock options granted pursuant to the Plan on 7/1/2019.
F18 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F19 Stock options granted pursuant to the Plan on 7/1/2018.
F20 Stock options granted as an inducement award granted outside the Plan on 6/29/2018. The stock options granted would vest pro-rata over the course of 3 years, with one-third of the shares vesting on 6/29/2019, one-third vesting on 6/29/2020, and the remaining one-third vesting 6/29/2021, in all cases subject to continued employment.