Donald Zurbay - Jul 3, 2024 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President & CEO, Director
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 3, 2024
Transactions value $
-$139,322
Form type
4
Date filed
7/8/2024, 10:53 AM
Previous filing
Jul 3, 2024
Next filing
Jul 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Sale -$139K -5.88K -2.42% $23.71 237K Jul 3, 2024 Direct F1, F2
holding PDCO Common Stock 1.2K Jul 3, 2024 By ESOP F3

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 93.6K Jul 3, 2024 Common Stock 93.6K $33.26 Direct F4, F5
holding PDCO Employee Stock Options 134K Jul 3, 2024 Common Stock 134K $28.99 Direct F6, F7
holding PDCO Employee Stock Options 35.9K Jul 3, 2024 Common Stock 35.9K $30.59 Direct F8, F9
holding PDCO Employee Stock Options 37.8K Jul 3, 2024 Common Stock 37.8K $30.77 Direct F10, F11
holding PDCO Employee Stock Options 57.8K Jul 3, 2024 Common Stock 57.8K $23.57 Direct F12, F13
holding PDCO Employee Stock Options 78.8K Jul 3, 2024 Common Stock 78.8K $22.25 Direct F14, F15
holding PDCO Employee Stock Options 33.4K Jul 3, 2024 Common Stock 33.4K $22.48 Direct F16
holding PDCO Employee Stock Options 99.3K Jul 3, 2024 Common Stock 99.3K $22.67 Direct F17
* 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 The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 Plan adopted by Reporting Person on September 25, 2023 Amended March 12, 2024.
F2 Includes an aggregated of 144,455 restricted stock units ("RSUs") awarded in the years 2022 through 2024 to Reporting Person pursuant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan"). The RSUs vest contingent upon continued employment as follows: 13,221 units vest on 12/5/2024, 44,948 units vest on 7/1/2025, 13,227 units vest on 12/5/2025, 41,504 units vest on 7/1/2026, 31,555 units vest on 7/1/2027.
F3 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through May 4, 2024.
F4 Stock options granted pursuant to the Plan on 7/1/2023.
F5 Options are exercisable as follows: 33.3% on 7/1/2024, 33.3% on 7/1/2025 and 33.4% on 7/1/2026.
F6 Stock options granted pursuant to the Plan on 12/5/2022.
F7 Options are exercisable as follows: 33.3% on 12/5/2023, 33.3% on 12/5/2024 and 33.4% on 12/5/2025.
F8 Stock options granted pursuant to the Plan on 7/1/2022.
F9 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
F10 Stock options granted pursuant to the Plan on 7/1/2021.
F11 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F12 Stock options granted pursuant to the Plan on 7/14/2020.
F13 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F14 Stock options granted pursuant to the Plan on 7/1/2019.
F15 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F16 Stock options granted pursuant to the Plan on 7/1/2018.
F17 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.